Colorado chosen as newest location for Japanese aerospace company ispace inc.

A Japanese aerospace company with offices in Europe and  the U.S. has chosen Colorado for its newest location.

Gov. Jared Polis said in a statement Monday that ispace inc. will open its office in the Denver area.

“Colorado is a proven leader in the aerospace sector and one of the best places to live and to start or run a business,” Polis said.

Colorado’s overall private aerospace employment of 30,020 is second only to California’s and is the country’s highest per capita, according to a report by the Metro Denver Economic Development Corp. The report says 57,830 private and military workers in Colorado support an additional 140,390 workers in all industries, bringing direct and indirect jobs supported by the aerospace sector to 198,220.

The industry contributes more than $15 billion annually to the state economy.

“Colorado’s dynamic aerospace ecosystem and abundance of talent strongly align with our aggressive hiring plan,” said ispace CEO Kyle Acierno.

State officials chalked up ispace’s decision to open an office in Colorado  to the state’s highly killed workforce, robust aerospace industry as well as the strong partnerships among state and local economic development agencies and the industry.

It wasn’t clear when ispace will open the office. It is a lunar exploration company that is building a small, commercial lunar lander intended to provide low-cost delivery service to the moon. The company said in a statement that it has raised about $125 million for the project.

The company was selected by the European Space Agency to be part of the science team for PROSPECT, a program that seeks to extract water on the moon.

 

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