MUFG Bank Ltd. plans to invest in Space One Co., which is engaged in launching small rockets, it has been learned. An announcement will be made as early as this week.
The bank aims to expand its partnerships with companies that collect and analyze data obtained from satellites and strengthen its space-related business.
Space One was established in 2018 as a joint venture with firms including Canon Electronics Inc. and Shimizu Corp. It has Japan's first private rocket launch site in Wakayama Prefecture, and is moving forward with plans to begin launch operations during fiscal 2022 and to launch 20 rockets per year by the mid-2020s.
