ispace Company and Business
Introduction(English)Ver. 2024/07
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Expand our planet. Expand our future.

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Our Vision

EXPAND OUR PLANET.
EXPAND OUR FUTURE.
Creation of a world where the Earth and the Moon are
one ecosystem, establishing a new economy on the Moon
⚫ “Moon Valley 2040” is an outlook on the world representing ispace’svision EXPAND OUR PLANET. EXPAND OUR FUTURE⚫ We envision 1,000 people living on and another 10,000 people
visiting the Moon annually by 2040
⚫ Focusing on lunar water resources, we believe infrastructure on theMoon surface will be established with the support of various
industries such as construction, manufacturing, energy andtelecommunication⚫ Expanding our living sphere into space, we aim for the integration ofthe Earth and Moon into one ecosystem as a long-term goal

Expand our planet. Expand our future.

copyright©ispace,inc. 2024

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Why the Moon?

The potential of the Moon as a “fuel supply base” utilizing water (H2O) that exists(1) in the form of ice with an estimated mass of asmuch as 6.6Bn tons(2) on the Moon

ENVISIONED ECOSYSTEM(3)BRINGS THE EARTH & MOON TOGETHER

H 2 O (4)
1 / 6 G (5)Decreasing costs to access areas ofdeep space• Costs of Mars missions• Costs of resource explorations etc.

Aiding the maintenance of infrastructure essential tosustainable human life
• GPS• Internet• Weather forecasts etc.
(4)
(1)
(2)
(3)

https://science.nasa.gov/moon/moon-water-and-ices/
https://nssdc.gsfc.nasa.gov/planetary/ice/ice_moon.html
The image shown on this slide is for illustrative purposes only

Expand our planet. Expand our future.

According to studies cited on note(1) and (2), water may be widely distributed across (5)the Moon. We believe that it may be possible to utilize hydrogen and oxygen split
through electrolysis of water extracted from regolith as a potential source of fuel for
future deep-space exploration

copyright©ispace,inc. 2024

As the Moon has only 1/6 of the gravity of the Earth, the launch cost from the Moon
could theoretically be lower than the launch cost from the Earth|4ispace, inc.
Financing track record / shareholders

General info

： September 2010Founded(1)# Employee： 295（30+ nationalities）# Engineers： 199(1)Europe office（Luxembourg）

Headquarters
Tokyo

North America office（Denver, CO）

Seed:
c. $2.0MM(2)Series A (2017)：
c. $94.5MM(3)Series B (2020)：
c. $33.1MM(4)Series C (2021)：
c. $50.7MM(5)IPO：
c. $48.6MM
Bank loan ：c. $96.1MM(6)International Offering c. $55.9MM(7)Total：c. $380.9MM

Venture capital / investment funds

Strategic Enterprises

INCJ, Incubate fund, DBJ, Airbus
ventures, Space Frontier Fund,
Innovation Engine, SPARX, THVP,
Axiom Asia, Real Tech Fund, SBI
investment,Japan Airlines, KONIKA MINOLTA,SUZUKI, TOPPAN, Shimizu, Dentsu,
KDDI, Mitsui Sumitomo Insurance
Company, Takasago ThermalEngineering, SMBC Nikko
Securities, TBS

Record for largest Series A
financing in Japan at the time

Banks / financial institutions
(1)
(2)
(3)

(4)

Data as of November 2023. Employees include management,(5)
subsidiaries and contract personnel
Actual figure in original currency is JPY 204 MM; JPY to USD(6)conversion provided for familiarity, using FX rate for Oct 2016
Actual figure in original currency is JPY 10,350 MM; JPY to USD(7)conversion provided for familiarity, using FX rate for Feb 2018
Actual figure in original currency is JPY 3,500 MM; JPY to USD
conversion provided for familiarity, using FX rate for Jul & Dec 2020

Expand our planet. Expand our future.

Actual figure in original currency is JPY 5,567 MM; JPY to USD
conversion provided for familiarity, using FX rate for Jul & Aug 2021
Actual figure in original currency is JPY 12,180 MM; JPY to USD
conversion provided for familiarity, using FX rate for Nov 2023.
Actual figure in original currency is JPY 8,357 MM; JPY to USD
conversion provided for familiarity, using FX rate for Feb 2024.

Sumitomo Mitsui Banking Corporation, MUFG Bank, MIZUHO Bank,Japan Finance Corporation,Shoko Chukin BANK, Shizuoka Bank, Resona, SME Support
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Business Area

The lander developed by ispace is launched into outer space on an external vendor’s rocket. After the lander navigates on its own
to the lunar surface, the plan is for the lander and rover to explore and acquire data from lunar surface

Launch using an externalvendor’s rocket

The lander navigates and delivers the payload
to the Lunar orbit and Lunar surface

Rover exploration anddata acquisition of Lunar surface

Realtime data feedback and distribution to the Earth※ The image shown on this slide is for illustrative purposes only.
Expand our planet. Expand our future.

copyright©ispace,inc. 2024|

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Core Service

Payload service and Partnership service are the current business pillars of ispace. We plan to establish Data service in the future

Payload service

Data service

Partnership service

Transport customers’ payload to the Moon.
Customers will acquire significant data frompayloads by conducting experiments, developing
infrastructure, etc.

Customers are expected to acquire significant datafrom payloads developed by ispace. Access to thedatabase accumulated through high frequency missions
will be provided to customers in the future (Net sales
have not been recorded yet as of Fiscal Year Ended
March 2024)

Supporting customers’ marketing efforts through joint
campaigns with ispace, like logo placements. Eachcompany collaborates with ispace from technical or
business perspectives

Expand our planet. Expand our future.

copyright©ispace,inc. 2024|7Simultaneous Development of Multiple Missions

After our first R&D mission, the development of multiple missions is on track both in Japan and the United States

13R&D

Commercial
Series 3 Lander (1)JapanM1 (2022)

M2 (2024)

M3 (2026)

M4 M5

M6 (2027)

U.S.

2 Commercial
The image shown on this slide is for illustrative purposes only
The missions and schedules, as shown above, are current but may be subject to change
Expand our planet. Expand our future.

(1) Tentative name. This shows an image as the design of Series 3 Lander has not been finalized yetcopyright©ispace,inc. 2024

|8Mission 2 ペイロード
Mission 2 Payloads

月面用水電解装置

Water-splitting experiment

月面探査車

ispace Micro Rover

藻類培養実験モジュール
LunaGlena
深宇宙放射線プローブ
Deep Space Radiation Probe「GOI 宇宙世紀憲章」プレート“Space Century Charter” plate※2023年11月時点の想定※Current plan as of Nov 2023

Mission1

Reached the final descent phase to become the first private company to land on the Moon in April 2023. Although the landing was
not successful, valuable data was acquired that can be used for future missions.

LaunchLanding

Achievement@ Cape Canaveral on SpaceX Falcon 9

Reached the final lunar landing phase

Acquired various useful data

(1)(1) 着陸成功の場合のイメージ図であり、実際の着陸時の様子を示すものではありません

Expand our planet. Expand our future.

10DISCLAIMER•This presentation was prepared by ispace, inc. (the “Company”) solely for informational purposes. This presentation does not constitute an offer to sell or asolicitation of an offer to buy any security in the United States, Japan or any other jurisdiction.

•This presentation is based on the economic, regulatory, market and other conditions as in effect on the date hereof, and neither the Company nor its advisors orrepresentatives guarantee that this information is accurate or complete. Subsequent developments may affect the information contained in this presentation,and neither the Company nor its advisors or representatives are under any obligation to update, revise or affirm the information herein based on events orcircumstances after the date hereof. The information in this presentation is subject to change without prior notice.

•Neither this presentation nor any of its contents may be disclosed to or used by any other party for any purpose without the prior written consent of theCompany. This presentation may contain technical data that is subject to certain export control regulations. Violation of these export control regulations may
result in criminal penalties. You may not export, re-export, or otherwise transfer or share this presentation to or with any person or in any manner that would
result in a violation of export control regulations.

•This presentation contains forward-looking statements, including estimations, forecasts, targets and plans. Such forward-looking statements do not represent
any guarantee by the Company of future performance. Any forward-looking statements in this document are based on the current assumptions and beliefs of
the Company in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties
and other factors may cause the Company’s actual results to be materially different from any future results expressed or implied by such forward-lookingstatements.

•The information in connection with or prepared by companies or third parties other than the Company is based on publicly available and other information as
cited, and the Company has not independently verified the accuracy or appropriateness of, and makes no representations with respect to, such third-party
information.

Expand our planet. Expand our future.

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