Interstellar Technologies Secures $89M in Series F Round

Interstellar Technologies Inc., which aims to become a comprehensive space infrastructure company through its rocket and communications satellite businesses, is pleased to announce that it has raised an additional 8.9 billion yen in Series F funding through a third-party allotment of 6.5 billion yen underwritten by Sumitomo Mitsui Banking Corporation, Space Frontier 2 Fund managed by Sparx Asset Management Co., Ltd., Japanet Holdings Co., Ltd., and existing shareholders, as well as a loan of 2.4 billion yen from financial institutions. In addition, we have signed a business partnership agreement with Sumitomo Mitsui Banking Corporation to support the construction of supply chains in the space-related industry. This marks the bank's first investment in a space-related startup company. Interstellar Technologies is a leading private space transportation company in Japan, and aims to…

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