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Japanese firms finish acquisition of Spaceflight

SpaceX SSO-A launch
One of Spaceflight’s most notable acccomplishments was the launch of 64 satellites aboard a SpaceX Falcon 9 rocket in December 2018. (SpaceX Photo)

Japan’s Mitsui & Co., working in partnership with Yamasa Co. Ltd., has completed the acquisition of Seattle-based Spaceflight Inc. from its parent company, Spaceflight Industries.

Today’s announcement of the transaction’s completion follows up on February’s announcement of the sale for an undisclosed amount. Spaceflight Industries’ other subsidiary, BlackSky Global, isn’t part of the transaction and will continue to operate as a privately held company with offices in Seattle and Herndon, Va.

Spaceflight Industries also has a 50% share in LeoStella, a satellite manufacturing company based in Tukwila, Wash. The other half of that joint venture is owned by Thales Alenia Space, a French-Italian aerospace company.

Mitsui and Yamasa will similarly split ownership of Spaceflight Inc. as a 50-50 joint venture, operating independently with its headquarters remaining in Seattle.

The sale brings a parting of the ways for Spaceflight Inc., which focuses on arranging launch services for rideshare satellites; and BlackSky, which is building a satellite constellation for Earth observation and provides geospatial data analysis tools.

Get the full story on GeekWire.

By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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