04-06-2025
Japanese Space-Debris Firm Loses Half Its Value a Year After IPO
When Astroscale Holdings Inc. began trading in Tokyo a year ago, excitement over the Japanese space-debris pioneer was riding so high that the stock surged 62%, making it a billion-dollar company.
That lasted one day. The shares have since halved after those lofty expectations soured, with the company announcing delays of some projects and lowering some of its earnings estimates.
