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Based in Tokyo, Japan, Astroscale is a space technology company that develops spacecraft and technologies for on-orbit servicing, including space debris removal and satellite life extension. Before listing on the Tokyo Stock Exchange Growth Market in June 2024, the enterprise raised approximately $384 million in venture funding to support its global operations. The organization currently employs over 500 people across its international subsidiaries in the United States, United Kingdom, France, and Israel. Astroscale secures revenue through commercial service agreements and government contracts with prominent entities such as the Japan Aerospace Exploration Agency (JAXA), the UK Space Agency, and OneWeb. The company executes end-to-end missions, recently launching its ADRAS-J spacecraft in February 2024 to rendezvous with and safely inspect existing orbital debris. Astroscale was originally founded in May 2013 by entrepreneur Mitsunobu "Nobu" Okada.
Astroscale has raised $330.0M across 6 funding rounds.
Astroscale has raised $330.0M in total across 6 funding rounds.
Astroscale has raised $330.0M in total across 6 funding rounds.
Astroscale's investors include Yusaku Maezawa, Development Bank of Japan, FEL Corporation, Mitsubishi Corporation, Mitsubishi Electric, MUFG Bank, The Fund, Seraphim Space, Zloker Fund, Visionaire Ventures, Mark Boggett, aSTART.
Astroscale is a pioneering technology company specializing in on-orbit servicing to ensure the safe and sustainable use of space.[1][2] It develops scalable solutions including active debris removal (ADR), end-of-life (EOL) services, life extension (LEX), and in-situ space situational awareness (ISSA), serving commercial satellite operators, civil governments like JAXA, ESA, NASA, and UK Space Agency, and national security entities such as the United States Space Force.[4][5][7] These services address the critical problem of orbital debris buildup from record-breaking satellite launches, which threatens space infrastructure essential for communications, navigation, defense, and daily life on Earth.[2][6] Astroscale's growth momentum is strong, with milestones like the 2021 ELSA-d mission proving magnetic docking technology, upcoming ELSA-M for multi-client debris removal, COSMIC missions, and the APS-R refueler launching in Summer 2026 for U.S. DoD assets; the company operates globally with over 100 UK employees and expanding facilities.[1][5][6]
Headquartered in Tokyo with subsidiaries in the UK, US, and Israel, Astroscale Holdings Inc. leads as the world's first dedicated on-orbit servicing provider, influencing policies and partnerships for a circular space economy.[1][3][4]
Astroscale was founded in 2013 by Nobu (Mitsunobu) Okada, its CEO, who envisioned balancing space development ("Astro") with sustainability ("Scale") amid growing orbital congestion.[1][2][4] Okada recognized space's role in powering daily technologies like smartphones and global supply chains, but foresaw risks from debris and geopolitical tensions, prompting the company's focus on in-orbit servicing.[2]
Early traction came through innovative demonstrations: in 2021, the ELSA-d mission—launched via Russian Soyuz—successfully tested a servicer spacecraft's ability to track, magnetically dock with, and release a client satellite at 550km altitude, validating debris capture at high speeds.[1][6] This paved the way for subsidiaries like Astroscale Ltd (UK, 2017) for EOL services and mission operations, and U.S. operations tailored for American defense needs.[1][5] Pivotal moments include partnerships with ESA, OneWeb, and U.S. agencies like DARPA and USSF, alongside product launches like the customizable Astroscale Docking Plate.[1][5][6]
Astroscale stands out in the space tech landscape through:
These enable Astroscale to serve LEO/GEO constellations, space stations, and defense missions where competitors lack demonstrated heritage.[5][6]
Astroscale rides the mega-trend of space commercialization, fueled by thousands of annual satellite launches for constellations, driven by Starlink-like mega-constellations, defense needs, and climate monitoring.[2][6][7] Timing is critical: orbits are increasingly crowded, unstable, and contested, with debris posing collision risks (Kessler syndrome) that could render orbits unusable, amid U.S.-China rivalry in maneuverable satellites.[2][5]
Market forces favor Astroscale, including government mandates for debris removal, incentives from UK/EU/U.S. agencies, and insurer demands (e.g., Lloyd's) for sustainable operations to protect $ trillions in space assets.[1][6] It influences the ecosystem by setting OOS standards, partnering with agencies to shape regulations, and enabling resilient infrastructure—much like internet backbone providers on Earth—ensuring space remains viable for all stakeholders.[2][7]
Astroscale is poised to dominate on-orbit servicing as launch rates explode and debris threats escalate, with ELSA-M, COSMIC, and APS-R (2026) establishing multi-mission scalability and U.S. refueling heritage.[5][6] Trends like proliferated LEO architectures, AI-driven SSA, and international debris removal treaties will amplify demand, potentially expanding to orbital logistics and assembly.[2][4][7]
Its influence will evolve from pioneer to essential infrastructure provider, powering a sustainable space economy while securing national interests—securing space for future generations, just as its name and mission intend.[2]
Astroscale has raised $330.0M across 6 funding rounds. Most recently, it raised $76.0M Series G in February 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 27, 2023 | $76M Series G | — | Yusaku Maezawa, Development Bank OF Japan, FEL Corporation, Mitsubishi Corporation, Mitsubishi Electric, MUFG Bank | Announced |
| Oct 1, 2021 | $110M Series F | The Fund | Seraphim Space, Zloker Fund, Visionaire Ventures, Mark Boggett | Announced |
| Oct 13, 2020 | $51M Series E | Astart | — | Announced |
| Nov 1, 2018 | $50M Venture Round | Innovation Network Corporation OF Japan | Mitsubishi Estate, SBI Investment | Announced |
| Mar 2, 2016 | $35M Series B | Innovation Network Corporation OF Japan, Jafco Ventures | — | Announced |
| Feb 1, 2015 | $8M Series A | — | Visionaire Ventures, Kenji Kasahara, Kiyoshi Nishikawa, Kotaro Yamagishi, Mamoru Taniya, Mari Murata, Osamu Kaneda, Shuhei Morofuji, Takao Ozawa, Jafco Ventures, Taizo SON | Announced |