TUPPER LAKE, NY — Satellite debris removal and rendezvous, proximity and operations service provider Astroscale Holdings Inc. of Japan is holding fast to its investment strategy to secure first-mover advantage in its markets, even if that means foregoing profit in the next year or two.
Losses today on behalf of self-funded in-orbit demonstrations will pay off later, Chief Executive Nobu Okada told shareholders.
Astroscale reported an 89% increase in project revenue and a reduced operating loss for the 12 months ending April 30.
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