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Space BD and Space Basil Sign MoU Concerning Business Alliance Agreement
Space BD Inc., a leading Japanese space startup which provides access to space using ISS Japanese module, Kibo, as well as piggyback capacity of its flagship launch vehicle “H3”, and Space Basil, the Japanese first space advertisement company, signed a Memorandum of Understanding Concerning Business Alliance Agreement on 24 March 2020. With this MoU, Space BD will provide various means of access to space such as the external platform of ISS Kibo to support Space Basil to start their space advertisement and entertainment services.
Space Basil was founded in October 2019. Prof. Shinichi Nakasuka at the University of Tokyo, who is a world pioneer in nanosatellite development, has been appointed as their technical advisor.
Based on the MoU, Space BD and Space Basil aim to develop a long-term partnership to work together to promote the new uses of space.
“I am delighted that Space Basil, Japan’s first space advertising company, and Space BD, Japan’s first space business development company, have now reached a business alliance,” said Space Basil Chief Executive Officer Katsuji Amazaki. “We are opening new areas in the space business. I believe that this business alliance will lead to a more stable development of our space advertising and entertainment businesses.”
“I am pleased with this business alliance with Space Basil. I believe that this collaboration will be an important milestone for the development of space utilization projects in the advertising and entertainment fields,” said Space BD Co-Founder and CEO Masatoshi Nagasaki. “Besides, it is really important to promote the use of space in such new fields to accelerate commercialization of the low earth orbit including the ISS ‘Kibo.’ As a business development company in the space industry, Space BD will promote Space Basil’s future missions and contribute to expanding the scope of space utilization.”
An underrecognized yet critical segment of the space sector is downlinking. Launch vehicles and satellites capture most of the headlines, but in and of themselves they have little value. They are a means to an end: they enable the flow of data that benefits people back here on Earth. Put differently, downstream applications justify investing in and developing new launch vehicles and satellites.