Close Menu
Stratnews GlobalStratnews Global
    Facebook X (Twitter) Instagram
    Trending
    • SpaceX IPO Could Top $1 Trillion as Investors Rush In
    • Time Names AI Architects as 2025 Person of the Year
    • NAACP Issues Framework to Prevent Bias in Healthcare AI
    • Cambridge Study Finds Fake Accounts Can Be Created for Just Cents
    • Caribbean Nations Unite to Harness Geothermal Energy Potential
    • U.S. Pushes to End Reliance on Chinese Lidar Technology
    • Trump Moves to Block Broadband Funds Over State AI Regulations
    Stratnews GlobalStratnews Global
    Write for Us
    Saturday, December 13
    • Space
    • Science
    • AI and Robotics
    • Industry News
    Stratnews GlobalStratnews Global
    Home » Japan’s Plans For Spaceport Delayed After Virgin Orbit Files For Bankruptcy

    Japan’s Plans For Spaceport Delayed After Virgin Orbit Files For Bankruptcy

    StratNewsGlobal Tech TeamBy StratNewsGlobal Tech TeamApril 10, 2023 Economy & Culture No Comments2 Mins Read

    The development of a spaceport in Kyushu, Japan, has been delayed due to a lack of funding following the bankruptcy filing of Virgin Orbit Holdings Inc. The Oita Prefecture teamed up with Virgin Orbit in 2020 to create Japan’s first Asian spaceport at Oita Airport using a Boeing 747 for horizontal rocket launches. However, the bankruptcy has forced the project to be postponed, leaving Japan’s attempt to enter the commercial satellite launches market in further difficulty after recent rocket launch failures.

    Virgin Orbit, founded by British billionaire Richard Branson, had marketed itself as a launch platform for military and intelligence satellites for the US and its allies, including Japan, at a time when China’s rise as a space power was a growing concern for both Washington and Tokyo. The Oita Prefecture hoped that the spaceport, similar to Virgin Orbit’s facility in Cornwall, England, would produce economic benefits worth around 10.2 billion yen ($77.4 million) in the region over the five years from the initial launch.

    Despite the setback, locals remain hopeful that a spaceport will eventually emerge. “It is possible that some other company will buy Virgin Orbit. Also, other companies and competitors besides Virgin Orbit are considering horizontal launches, so Oita still has many options to re-enter into a contract with them,” said Kunio Ikari, an economics lecturer at Oita University. Oita Prefecture noted that its efforts to attract a spaceport remain unchanged while declining to comment on Virgin Orbit or the project’s current status.

    Japan’s medium-lift H3 rocket failed in March following an aborted launch the month before, in a blow to its efforts to cut the cost of accessing space and compete against Elon Musk’s SpaceX. The Japanese space agency’s solid-fuel Epsilon rocket, which was set to carry iQPS’ small satellites, also failed after launch in October. These recent failures have caused experts to urge Japan to shift the focus of its space industry. “Japan is concentrating too much on launches,” said Jun Nagashima, an adviser at the Nakasone Peace Institute. “With SpaceX coming out with affordable rockets that can be used repeatedly, it would be better for Japan to compete in different activities and areas in space.”

    Author

    • StratNewsGlobal Tech Team
      StratNewsGlobal Tech Team

      View all posts
    Featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit Telegram WhatsApp
    StratNewsGlobal Tech Team
    • Website

    Keep Reading

    SpaceX IPO Could Top $1 Trillion as Investors Rush In

    Time Names AI Architects as 2025 Person of the Year

    NAACP Issues Framework to Prevent Bias in Healthcare AI

    Cambridge Study Finds Fake Accounts Can Be Created for Just Cents

    Caribbean Nations Unite to Harness Geothermal Energy Potential

    U.S. Pushes to End Reliance on Chinese Lidar Technology

    Add A Comment
    Leave A Reply Cancel Reply

    Anti Drone System (CUAS)
    Latest Posts

    SpaceX IPO Could Top $1 Trillion as Investors Rush In

    December 12, 2025

    Time Names AI Architects as 2025 Person of the Year

    December 12, 2025

    NAACP Issues Framework to Prevent Bias in Healthcare AI

    December 12, 2025

    Cambridge Study Finds Fake Accounts Can Be Created for Just Cents

    December 12, 2025

    Caribbean Nations Unite to Harness Geothermal Energy Potential

    December 12, 2025

    U.S. Pushes to End Reliance on Chinese Lidar Technology

    December 12, 2025

    Trump Moves to Block Broadband Funds Over State AI Regulations

    December 12, 2025

    December 11, 2025

    Financial Inclusion Revisited: Counting Lives Changed

    December 11, 2025

    DAE Reports Record Nuclear Power Generation and Scientific Milestones in 2025

    December 11, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    • Astronomical Events
    • Space Missions
    • Industry News
    • Science
    StratNewsGlobal Tech
    Facebook X (Twitter) Instagram LinkedIn YouTube
    © 2025 StratNews Global, A unit of BharatShakti Communications LLP
    • About Us
    • Contributors
    • Copyright
    • Contact
    • Write for Us

    Type above and press Enter to search. Press Esc to cancel.