Astroscale Shares Surge 51% in Tokyo Debut, Valued at $1 Billion

Jun 5, 2024, 08:05 AM

Astroscale, a Japanese startup focused on space junk removal, saw its shares surge by 51% during its debut on Tokyo's growth market. The company's valuation reached $1 billion. The significant rise in share price was supported by government backing from Japan, the United States, and Britain. Astroscale aims to deploy vehicles to remove debris from space, addressing a growing concern in the space industry. The Tokyo debut marks a significant milestone for the company.