{"id":11639,"date":"2024-03-22T10:36:07","date_gmt":"2024-03-22T10:36:07","guid":{"rendered":"https:\/\/power2innovate.com\/japans-space-agency-says-it-hopes-to-forge-a-profitable-launch-business-with-its-new-h3-rocket\/"},"modified":"2024-03-22T10:36:07","modified_gmt":"2024-03-22T10:36:07","slug":"japans-space-agency-says-it-hopes-to-forge-a-profitable-launch-business-with-its-new-h3-rocket","status":"publish","type":"post","link":"https:\/\/power2innovate.com\/japans-space-agency-says-it-hopes-to-forge-a-profitable-launch-business-with-its-new-h3-rocket\/","title":{"rendered":"Japan&#8217;s space agency says it hopes to forge a profitable launch business with its new H3 rocket"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2024\/japans-space-agency-sa.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2024\/japans-space-agency-sa.jpg\" data-sub-html=\"A Mitsubishi Heavy Industries staff member stands next to the top of the first stage of a H3 rocket, inside the Mitsubishi Heavy Industries\u2019 Nagoya Aerospace Systems Works Tobishima Plant in Tobishima, Aichi prefecture Thursday, March 21, 2024. Credit: AP Photo\/Mari Yamaguchi\">\n<figure class=\"article-img\">\n            <figcaption class=\"text-darken text-low-up text-truncate-js text-truncate mt-3\">\n                A Mitsubishi Heavy Industries staff member stands next to the top of the first stage of a H3 rocket, inside the Mitsubishi Heavy Industries\u2019 Nagoya Aerospace Systems Works Tobishima Plant in Tobishima, Aichi prefecture Thursday, March 21, 2024. Credit: AP Photo\/Mari Yamaguchi<br \/>\n            <\/figcaption><\/figure>\n<\/p><\/div>\n<\/div>\n<p>Japan&#8217;s space agency and its prime contractor said Thursday they hope to be able to forge a profitable launch business with their new H3 rocket after its first successful flight last month in an increasingly competitive market dominated by Space X.<\/p>\n<section class=\"article-banner first-banner ads-336x280\">\n         <!-- \/4988204\/Phys_Story_InText_Box --><\/p>\n<\/section>\n<p>Japan Aerospace Exploration Agency and Mitsubishi Heavy Industries have been developing the H3 as a successor to the soon-to-retire current mainstay H-2A, which enjoyed a 98% success rate but its high launch cost made it less competitive in the global market.<\/p>\n<p>Mayuki Niitsu, MHI&#8217;s H3 rocket project manager, said it plans at least six launches a year to meet rapidly growing demand for communication, observation and security satellites.<\/p>\n<p>&#8220;Today, the commercial market has a big demand for rockets, and there is a substantial shortage of rockets,&#8221; he said, standing next the rocket&#8217;s second stage at a news conference. &#8220;Space X is virtually dominating the market right now, but I believe there are high expectations of our role as an alternative.&#8221;<\/p>\n<p>An H3 rocket successfully reached orbit and released two small observation satellites on Feb. 17 following a failed debut launch last year in which the second-stage engine did not ignite.<\/p>\n<p>Mitsubishi Heavy will eventually take over H3 production and launches from JAXA and hopes to make it commercially viable.<\/p>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2024\/japans-space-agency-sa-1.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2024\/japans-space-agency-sa-1.jpg\" data-sub-html=\"This shows the first stage, left, and the second stage, right, in final preparations for an upcoming H3 rocket flight later this year, inside the Mitsubishi Heavy Industries\u2019 Nagoya Aerospace Systems Works Tobishima Plant in Tobishima, Aichi prefecture Thursday, March 21, 2024. Credit: AP Photo\/Mari Yamaguchi\">\n<figure class=\"article-img text-center\">\n            <img decoding=\"async\" src=\"https:\/\/scx1.b-cdn.net\/csz\/news\/800a\/2024\/japans-space-agency-sa-1.jpg\" alt=\"Japan\u2019s space agency says it hopes to forge a profitable launch business with its new H3 rocket\" title=\"This shows the first stage, left, and the second stage, right, in final preparations for an upcoming H3 rocket flight later this year, inside the Mitsubishi Heavy Industries\u2019 Nagoya Aerospace Systems Works Tobishima Plant in Tobishima, Aichi prefecture Thursday, March 21, 2024. Credit: AP Photo\/Mari Yamaguchi\"\/><figcaption class=\"text-left text-darken text-truncate text-low-up mt-3\">\n                This shows the first stage, left, and the second stage, right, in final preparations for an upcoming H3 rocket flight later this year, inside the Mitsubishi Heavy Industries\u2019 Nagoya Aerospace Systems Works Tobishima Plant in Tobishima, Aichi prefecture Thursday, March 21, 2024. Credit: AP Photo\/Mari Yamaguchi<br \/>\n            <\/figcaption><\/figure>\n<\/p><\/div>\n<\/div>\n<p>The H3 rocket&#8217;s first and second stages were shown to the media before their planned shipment later this week to the Tanegashima Space Center in southwestern Japan for final assembly with the main engines and a fairing. When combined, the rocket will be 57 meters (187 feet) long.<\/p>\n<p>The H3 is designed to carry larger payloads than the H-2A at about half its launch cost, or about 50 billion yen ($330 million), to be globally competitive.<\/p>\n<p>That, however, is still considered expensive, and MHI officials say they hope to achieve better price competitiveness after about a dozen launches.<\/p>\n<p>Niitsu said there are other ways to be competitive, for example by providing flexible launch schedules and being better at meeting clients&#8217; needs.<\/p>\n<p>In January, a H-2A rocket successfully placed a spy satellite into orbit, and days later JAXA&#8217;s unmanned spacecraft SLIM made the world&#8217;s first &#8220;pinpoint&#8221; moon landing.<\/p>\n<p class=\"article-main__note mt-4\">\n\t\t\t\t\t\t\t\t\t\t\t\t  \u00a9 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.\n\t\t\t\t\t\t\t\t\t\t\t <\/p>\n<p>\t\t\t\t\t\t\t\t\t\t<!-- print only --><\/p>\n<div class=\"d-none d-print-block\">\n<p>\n\t\t\t\t\t\t\t\t\t\t\t\t<strong>Citation<\/strong>:<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\tJapan&#8217;s space agency says it hopes to forge a profitable launch business with its new H3 rocket (2024, March 21)<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\tretrieved 22 March 2024<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\tfrom\n\t\t\t\t\t\t\t\t\t\t\t <\/p>\n<p>\n\t\t\t\t\t\t\t\t\t\t\t This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no<br \/>\n\t\t\t\t\t\t\t\t\t\t\t part may be reproduced without the written permission. The content is provided for information purposes only.\n\t\t\t\t\t\t\t\t\t\t\t <\/p>\n<\/p><\/div>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>A Mitsubishi Heavy Industries staff member stands next to the top of the first stage of a H3 rocket, inside the Mitsubishi Heavy Industries\u2019 Nagoya Aerospace Systems Works Tobishima Plant in Tobishima, Aichi prefecture Thursday, March 21, 2024. Credit: AP Photo\/Mari Yamaguchi Japan&#8217;s space agency and its prime contractor said Thursday they hope to be &hellip;<\/p>\n","protected":false},"author":1,"featured_media":11641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[8],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Japan&#039;s space agency says it hopes to forge a profitable launch business with its new H3 rocket - Innovation Discoveries<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/power2innovate.com\/japans-space-agency-says-it-hopes-to-forge-a-profitable-launch-business-with-its-new-h3-rocket\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan&#039;s space agency says it hopes to forge a profitable launch business with its new H3 rocket - Innovation Discoveries\" \/>\n<meta property=\"og:description\" content=\"A Mitsubishi Heavy Industries staff member stands next to the top of the first stage of a H3 rocket, inside the Mitsubishi Heavy Industries\u2019 Nagoya Aerospace Systems Works Tobishima Plant in Tobishima, Aichi prefecture Thursday, March 21, 2024. 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