Mitsui and Yamasa completed the acquisition of Spaceflight from Spaceflight Industries.

Mitsui, one of the largest general trading companies in Japan, in partnership with Yamasa, a machine industry company, completed the acquisition of Spaceflight, a satellite rideshare launch provider, from Spaceflight Industries, an American private aerospace company. Financial terms were not disclosed. Mitsui and Yamasa have 50/50 joint venture ownership in Spaceflight, but the launch service provider will continue to operate as a privately held, independent US-based company. “Joining the high-growth Mitsui & Co. portfolio positions Spaceflight to deliver and expand on the comprehensive launch services we offer. We’re exploring the development of new standardized deployment systems, new digital initiatives, and other programs that further help our customers reliably and affordably access space, in the most flexible way possible. Our biggest priority, as always, is ensuring all our customers are fully supported through this transition and we’re taking the necessary steps to establish infrastructure to meet their needs,” Curt Blake, Spaceflight CEO and President.