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Astroscale Japan is the Japanese subsidiary of Astroscale Holdings, which is the first private company with a vision to secure the safe and sustainable development of space for the benefit of future generations and is dedicated to on-orbit servicing across all orbits. Founded in 2013, Astroscale is developing innovative and scalable solutions across the spectrum of on-orbit servicing, including life extension, in-space situational awareness, end-of-life, and active debris removal, to create sustainable space systems and mitigate the growing and hazardous buildup of debris in space. Astroscale is also defining the economics of on-orbit servicing and working with government and commercial stakeholders to develop norms, regulations, and incentives for the responsible use of space. Headquartered in Japan, Astroscale has an international presence with subsidiaries in the United Kingdom, the United States, France, and Israel. Astroscale is a rapidly expanding venture company, working to advance safe and sustainable growth in space and solve a growing environmental concern.
Our current business model has three target customers. The first are satellite operators that are building out large satellite constellations in low-Earth orbit and providing low latency broadband internet system services. There are several of these large constellation players that are being built now, and they're talking about building hundreds to thousands of satellites. Our proposal for these large constellation players is to put our docking plate onto all their satellites so that if there is a failure in orbit, we can go up and remove it, like roadside car services here on Earth. This keeps the orbits safe and reduces risk to commercial and government satellite operators. The second customer base are national space agencies like JAXA and NASA. Government missions created most of the existing debris in orbit and we are currently working with JAXA on Phase I of its Commercial Removal of Debris Demonstration mission (CRD2) mission, and we have also signed a contract for Phase II, which will involve the actual removal of a Japanese upper stage rocket body. We are pursuing these types of missions worldwide. Our third customers are again satellite operators but those that operate in geostationary orbit. The first two customer bases focus on removing defunct satellites from orbit, but the next question is how can we help make sure the remaining active satellites stay active. With on-orbit services such as life extension, satellite relocation, repair and refuelling, we can prevent these satellites from becoming debris in the future. We anticipate this will become quite a large market in the future.
Hulic Kinshicho Collabo Tree, 4-17-1 Kinshi, Sumida-ku, Tokyo 130-0013, Japan