Sat Mar 23, 2024 11:33 pm by globalturbo
Japan's Ispace Shares Crash On Lunar Lander Fail
by Tyler Durden
Wednesday, Apr 26, 2023
Update (Wednesday):
Shares of Tokyo-based ispace tumbled after the private company said its Hakuto-R Mission lander probably crashed while on approach to land on the lunar surface.
Recall, we provided a live stream of the lunar landing on Tuesday afternoon. About 25 minutes into the planned landing, there was a communications mishap.
Well, it turns out the lander probably crashed:
Shares of ispace trading in Tokyo crashed 20% on the news.
"It was probably overbought going into this," said Kirk Boodry, an analyst at Astris Advisory in Tokyo. He said, "Now that the excitement has sort of passed, investors are going to take a harder look at what it means as a business model."
If successful, iSpace would have achieved the first private lunar landing. This marked the second disappointment for the commercial space industry within a week, following SpaceX's Starship's inability to reach orbit.
* * *
Update (1305ET):
Ispace has switched to pre-recorded videos on its YouTube live stream due to a communication issue with the spacecraft as it attempted to land on the moon's surface. The spacecraft's current status is unknown.
* * *
If all goes to plan, a Japanese lunar lander, which is transporting a rover developed by the United Arab Emirates, is set to touch down on the moon.
Ispace's Hakuto-R Mission 1 lander was launched atop a SpaceX rocket from Cape Canaveral, Florida, on Dec. 11. Since then, it has been on a three-month journey and just recently entered the moon's orbit, which lies about 239,000 miles away.
Earlier statements from ispace outline Hakuto-R is expected to land at "the Atlas Crater, located at 47.5°N, 44.4°E, on the southeastern outer edge of Mare Frigoris ("Sea of Cold")."
MORE HERE: https://www.zerohedge.com/technology/watch-live-japan-attempts-worlds-first-commercial-moon-landing?utm_source=&utm_medium=email&utm_campaign=1444
by Tyler Durden
Wednesday, Apr 26, 2023
Update (Wednesday):
Shares of Tokyo-based ispace tumbled after the private company said its Hakuto-R Mission lander probably crashed while on approach to land on the lunar surface.
Recall, we provided a live stream of the lunar landing on Tuesday afternoon. About 25 minutes into the planned landing, there was a communications mishap.
Well, it turns out the lander probably crashed:
"It apparently went into a freefall towards the surface as it was running out of fuel to fire up its thrusters," Ryo Ujiie, the chief technology officer, told a news conference on Wednesday.
Shares of ispace trading in Tokyo crashed 20% on the news.
"It was probably overbought going into this," said Kirk Boodry, an analyst at Astris Advisory in Tokyo. He said, "Now that the excitement has sort of passed, investors are going to take a harder look at what it means as a business model."
If successful, iSpace would have achieved the first private lunar landing. This marked the second disappointment for the commercial space industry within a week, following SpaceX's Starship's inability to reach orbit.
* * *
Update (1305ET):
Ispace has switched to pre-recorded videos on its YouTube live stream due to a communication issue with the spacecraft as it attempted to land on the moon's surface. The spacecraft's current status is unknown.
* * *
If all goes to plan, a Japanese lunar lander, which is transporting a rover developed by the United Arab Emirates, is set to touch down on the moon.
Ispace's Hakuto-R Mission 1 lander was launched atop a SpaceX rocket from Cape Canaveral, Florida, on Dec. 11. Since then, it has been on a three-month journey and just recently entered the moon's orbit, which lies about 239,000 miles away.
Earlier statements from ispace outline Hakuto-R is expected to land at "the Atlas Crater, located at 47.5°N, 44.4°E, on the southeastern outer edge of Mare Frigoris ("Sea of Cold")."
On Monday, ispace shared a photo of the lander about 62 miles above the lunar surface."Should conditions change, there are three alternative landing sites and depending on the site, the landing date may change. Alternative landing dates, depending on the operational status, are Apr. 26, May 1 and May 3, 2023," ispace officials said earlier this month.
MORE HERE: https://www.zerohedge.com/technology/watch-live-japan-attempts-worlds-first-commercial-moon-landing?utm_source=&utm_medium=email&utm_campaign=1444
