ispace, a company featured by L-Ventures, announced that it will receive a grant of 11.6 billion yen for a Phase 2 Space Strategy Fund project operated by JAXA.
The project aims to develop high-precision landing near the lunar south pole and payload deployment using a lunar-orbit communications relay satellite. ispace also describes plans to use its ULTRA lander for Missions 3 and 4 in 2028 and 2029.
The initiative advances landing technology and communications infrastructure together toward future lunar resource exploration and infrastructure development.
Official announcement: ispace Receives Grant for Japan’s Space Strategy Fund Project
Last updated: 8/7/2026