After the success of the ADRAS-J mission, the company will begin debris removal for JAXA
Tokyo-based Astroscale, which specializes in satellite servicing and orbital debris removal, is preparing to go public on the Tokyo Stock Exchange Growth Market – segment of the exchange for companies with high growth potential, but also increased risk. Trading in Astroscale shares will begin on June 5.
The company plans to offer 20.8 million shares in its initial public offering (IPO), which will be priced on May 27. For the fiscal year ended April 2023, Astroscale recorded revenue of 1.79 billion yen (about $11.3 million), nearly doubling the previous year, according to exchange filings. However, the company's net loss for the reporting period amounted to 9.26 billion yen compared to 5.48 billion yen a year earlier.