Sumitomo Mitsui Trust Bank Backs Starlab Program
Will Support Efforts to Develop and Commercialize Space Station Technologies
Sumitomo Mitsui Trust Bank, Limited (SuMi TRUST Bank) has made an investment in Starlab Space LLC in an undisclosed amount.
As part of its broader initiatives to support projects addressing social and industrial challenges, including impact investments, SuMi TRUST Bank has been promoting efforts to provide financial backing for innovative ventures. The unique environment of a space station enables research and development that is difficult to achieve on Earth, offering opportunities for innovation in areas such as advanced materials and life sciences.
Through this investment, SuMi TRUST Bank will support Starlab’s efforts to develop and commercialize space station technologies, while exploring opportunities for collaboration that contribute to the advancement of space-related industries and broader industrial development in Japan and globally.