Ispace

The company's business model is centered on two primary services: Payload Services and Data Services. The Payload Service offers transportation for customer payloads, such as scientific instruments, technology demonstrators, and commercial products, to lunar orbit and the lunar surface using its robotic landers and rovers. The Data Service aims to collect and provide valuable lunar data to support mission planning and surface development for government agencies, research institutions, and private companies. ispace develops its own robotic lunar landers and rovers, employing agile development methods and commercially off-the-shelf products to reduce costs and shorten development cycles.

ispace is known for its HAKUTO-R program, which consists of a series of lunar missions. Hakuto-R Mission 1 launched in December 2022 and, despite an unsuccessful landing attempt in April 2023, it successfully completed eight of ten mission milestones, providing valuable data. The subsequent Hakuto-R Mission 2 also experienced a hard landing in June 2025. Future missions, starting from Mission 3 scheduled for 2026, are planned to establish a regular and cost-effective transportation system and to begin the development of lunar water resources. The company has secured contracts with NASA as part of the Commercial Lunar Payload Services (CLPS) program and with the European Space Agency (ESA).

Headquartered in Tokyo, Japan, ispace has expanded its global presence with offices in the United States and Luxembourg. The company went public in April 2023 and has raised significant funding from various investors, including the Development Bank of Japan, Suzuki Motor, and Toyota. As of January 2026, the company employed around 300 people.