Achieving growth through investment into ground-breaking high altitude platform station connectivity business
Space Compass is contributing to a sustainable society through innovative computing networks that integrate terrestrial and space infrastructures.
There is an urgent need to ensure the sustainability of economic and social activity.
This makes it all the more important to effectively and fully utilize stratospheric and near-Earth space for ICT infrastructures in various fields. In addition, public and private sectors in many countries are cooperating to extend human activities not only to near-Earth space, but also to the Moon, Mars, and other bodies.
How we helped
As the world’s first integrated service provider, by breaking through the current limitations of telecommunications we will bring together cutting-edge technologies and partners from around the world to solve various global issues through infrastructure construction, operation, and service provision
Our Team recently advised on a transaction whereby a consortium of Japanese businesses (“the Japanese Consortium”) led by NTT DOCOMO, Inc. (“NTT DOCOMO”) and Space Compass Corporation (“Space Compass”), together with Mizuho Bank Limited and the Development Bank of Japan Inc., has committed to invest USD$100m in AALTO HAPS Limited (“AALTO”), which manufactures and operates the stratospheric, solar-powered Zephyr High Altitude Platform Station (HAPS). The investment will be made through the Japanese Consortium’s investment vehicle, HAPS JAPAN Corporation.
This investment deepens the long-standing collaboration between AALTO, NTT DOCOMO and Space Compass, a joint venture between NTT and SKY Perfect JSAT focusing on establishing a Space Integrated Computing Network. The roadmap to commercialise HAPS began with an agreement to explore collaboration with AALTO signed in 2022. Alongside this investment, AALTO and Space Compass will also sign commercial agreements that will deepen their engagement in Japan and Asia over the coming years. Airbus Defence and Space will remain AALTO’s majority shareholder. The investment is subject to closing conditions and regulatory approvals.
You can read more here.