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Ispace shares extend gains on strategic tie-up with Saudi national research institute

Mon Apr 20, 2026 1:41 pm JST Catalyst

Shares of ispace, inc. <9348> extended their rally on Monday following the announcement of a strategic partnership with Saudi Arabia’s national research institute, the King Abdulaziz City for Science and Technology (KACST). The alliance, aimed at accelerating technological cooperation in lunar exploration and bolstering Saudi Arabia’s national aerospace capabilities, was welcomed by market participants.

Under the agreement, ispace and KACST will collaborate on the design, manufacturing, testing, and operation of advanced lunar technologies, including rover systems. The partnership also covers the exploration of future payload transportation opportunities from Saudi Arabia and initiatives to build out the Kingdom’s lunar exploration infrastructure. This milestone builds on ispace’s 2025 memorandum of understanding with King Fahd University of Petroleum and Minerals (KFUPM), as the company continues to solidify its foothold in Saudi Arabia’s burgeoning space sector.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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