ispace (9348) Investor presentation summary

Company overview and vision

• Operates globally with offices in Japan, the U.S., Europe, and Saudi Arabia, employing 330 people from 40 nationalities as of March 2026.

• Focuses on lunar surface development, aiming to integrate Earth and Moon into a single ecosystem by 2040, with a vision of 1,000 residents and 10,000 annual visitors on the Moon.

• Business centers on payload delivery and data services for lunar missions, leveraging advanced lander and rover technologies.

• Strong management team and external advisors with deep expertise in space, finance, and technology.

Market environment and competitive positioning

• Lunar transportation market projected to reach $50 billion annually by the 2040s, driven by infrastructure and human activity expansion.

• U.S. and Japan government investments in lunar exploration expected to exceed $65 billion by 2040.

• Few competitors in the lunar payload delivery segment, with a leading position in small lander technology.

• Growing geopolitical and commercial demand for lunar resources, including water and rare metals like Helium-3.

Business model and growth strategy

• Core revenue from payload services (target price $1.5M/kg), with data services as a future growth driver.

• Multiple missions planned: Mission 2.5 (lunar orbiter, 2027), Mission 3 (lunar landing, 2028), Mission 4 (2029), and Mission 5 (2030), with increasing payload capacity and data service offerings.

• Upfront investments in lander and satellite development, ground stations, and data platforms to maximize future demand.

• Strategic partnerships with global agencies (NASA, ESA, JAXA) and industry players to capture international demand.