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Axelspace shares surge after signing AxelLiner Laboratory deal with JAXA
Axelspace Holdings <402A> jumped after its subsidiary entered a basic agreement with the Japan Aerospace Exploration Agency (JAXA) to provide its AxelLiner Laboratory on-orbit demonstration service. The announcement, released after the close on the 21st, sparked investor interest in the satellite project's one-stop platform.
The agreement involves JAXA's research into high-maneuverability electric propulsion. Axelspace expects to finalize a sole-source contract within months for a four-year project starting in fiscal 2026, with earnings contributions expected to be spread over the duration.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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