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- Mitsubishi Corporation Joins Starlab Space as Strategic Partner and Equity Owner in Joint Venture
HOUSTON, April 4, 2024 /PRNewswire/ -- Starlab Space LLC (Starlab Space), the joint venture between Voyager Space and Airbus, today welcomed Mitsubishi Corporation as a strategic partner and equity owner in Starlab Space. This partnership expands Starlab Space's reach beyond a transatlantic partnership and transforms the joint venture into a global organization.
Mitsubishi Corporation, recognized for its innovative efforts in various industries, brings extensive experience and resources to this global partnership. Mitsubishi Corporation is expected to leverage its capabilities to significantly increase the value of Starlab, using space research to improve and accelerate the development of terrestrial products across multiple industries and expand access to space technologies globally.
"We are excited to join forces with Starlab, the best-in-class team comprised of Airbus and Voyager, to drive innovation and catalyze advances in space exploration," said Mikito Nakaniwa, COO of the Aerospace, Ship and Infrastructure Division. from Mitsubishi Corporation. "Together, Mitsubishi Corporation and Starlab aim to open the commercial low Earth orbit (LEO) market and create lasting value for global companies and industries."
Additionally, this partnership is expected to expand the Japanese space economy and industrial base's access to the LEO market by leveraging Starlab's cutting-edge technologies and capabilities.
"We are honored to welcome Mitsubishi Corporation as a partner in our joint venture," said Dylan Taylor, President and CEO of Voyager Space. "Mitsubishi Corporation's customer-centric approach and commitment to innovation align perfectly with our vision for Starlab. Together, we will unlock space technology on a global scale and drive significant impact across multiple industries, from space to earth. "
"We are very pleased to welcome Mitsubishi Corporation as a strategic partner in our joint venture with Voyager Space. This takes Starlab Space to the next level on the path to a truly global effort," said Mike Schoellhorn, CEO of Airbus Defense and Space. "Our next-generation space station is built on both innovation and experience. Therefore, Mitsubishi Corporation, a pioneer of the space business in Japan since the 1960s with a strong drive to shape the future, is a perfect addition to our team."
With state-of-the-art research facilities and a global presence, Starlab Space is well positioned to support advanced space research and serve end customers on a global scale. This partnership underscores Starlab Space's dedication to innovation not only in technology but also in operating a space station as a business in LEO, setting the standard for success in this new market.
About Starlab Space
Starlab Space LLC is a global joint venture between Voyager Space, Airbus and Mitsubishi Corporation that is designing, building and will operate the Starlab commercial space station. Starlab will serve a global customer base of space agencies, researchers and companies, ensuring a continued human presence in low Earth orbit and a seamless transition of microgravity science and research from the International Space Station to the new era of commercial space stations.
For more information about Starlab, visit the Starlab website at www.starlab-space.com and follow us on social media at @Starlab_Space (X, Instagram) and @Starlab (Linkedin).
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