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ispace Limit Down on Sell Orders After Delay in Next U.S. Mission Launch Plan
ispace, inc. <9348> remained locked at its daily limit down with overwhelming sell orders. After the close of trading on the 27th last week, the company announced a "Business Strategy Update" outlining its future business direction. The update revealed a revision of delayed engine development and the introduction of a new integrated model combining Japanese and U.S. lander models. Accordingly, the company disclosed plans to postpone the launch of its next U.S. mission from 2027 to 2030. This development appears to be viewed negatively by the market.
The company also announced improvement measures in response to last year's Mission 2 failure and the commencement of studies for new services utilizing its proprietary lunar-orbiting satellite.
Source: MINKABU PRESS
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