Spaceflight Industries Signs Definitive Agreement to Sell
Spaceflight Industries Signs Definitive Agreement to Sell Spaceflight, its Rideshare Launch Services Provider, to Japan’s Mitsui & Co., Ltd and Yamasa Co., Ltd.
Subject to regulatory clearance, Spaceflight becomes the cornerstone of Mitsui & Co.’s space strategy, continuing to operate as an independent U.S.-based company
HERNDON, Va. – Feb. 11, 2020 – Today, Spaceflight Industries, Inc. announced it has signed a definitive share purchase agreement with Mitsui & Co., Ltd., in partnership with Yamasa Co., Ltd. to sell its satellite rideshare launch business ,  Spaceflight, Inc. Mitsui & Co.’s planned acquisition of the launch service provider is a unique opportunity for Spaceflight to further invest and expand its commercial and government rideshare launch services while Mitsui & Co. expands its portfolio to offer space services. Financial details of this deal are not disclosed.
“Spaceflight has established itself as an influential company in the space industry, making rideshare a credible and reliable option for smallsat launches,” Tomohiro Musha, general manager of aerospace systems & rail leasing division in Mitsui & Co., said. “The acquisition of an industry leader is an optimal way for Mitsui & Co. to enter the space industry and expand its business by offering greater access for customers considering utilizing services related to space. Spaceflight...