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ispace shares surge for fifth straight day on $1 million payload service contract with JALUX
Shares of ispace, inc. <9348> extended gains for a fifth consecutive day. The company announced after the market close on May 26 that it had signed a payload service contract with JALUX, a group company of Japan Airlines Co., Ltd. <9201>. The contract is valued at $1 million, fueling investor buying. Under the agreement, the Japan Airlines group will develop the "ARGO PROJECT" using a payload transport slot on a lunar landing mission provided by ispace. JALUX will be responsible for developing a dedicated lunar transport box and soliciting items for transport, while ispace will transport and land the box on the lunar surface.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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