Japanese firms strengthen ties with private enterprises despite national space project setbacks.
Sierra Space is one of a few companies building a commercial space station NASA expects will replace the ISS by 2030.
MUFG Bank, insurer Tokio Marine & Nichido Fire and trading house Kanematsu together invested several tens of billions of yen in Sierra, gaining a stake in the unlisted company that was now probably valued in excess of US$5 billion, the paper said. Sierra signed a partnership in December with Kanematsu, Japan Airlines and the Oita prefectural government to turn a regional airport into Asia’s first “horizontal spaceport”.
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