Acquirer: Mitsui & Co., Ltd. (Japan); Yamasa Co., Ltd. (Japan)
Acquired: Spaceflight Inc.
Industry Tags: Launch Services; Space
In February 2020, Spaceflight Industries, Inc. announced it signed an agreement with Mitsui & Co., Ltd. (TYO: 8031), in partnership with Yamasa Co., Ltd., for the sale of its satellite rideshare launch provider, Spaceflight Inc., which was conditioned on CFIUS review. (See Press Release, Spaceflight Industries, Inc., Spaceflight Inc. Acquisition Finalized, June 12, 2020.) According to Spaceflight Industries, the “[CFIUS] review was complete in April and the acquisition finalized . . . June 12, 2020. Mitsui & Co. and Yamasa will have 50/50 joint venture ownership in Spaceflight, but the launch service provider will continue to operate as a privately held, independent U.S.-based company.” (Id.)
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