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Japanese space company ispace has invested over $40 million in its new U.S. subsidiary to date, as it looks to take advantage of growing investment...

The company is ditching the Series-2 design for the Apex 1.0, which will now launch in 2026.

Ispace unveiled a new lunar lander design, called Apex 1.0, that will send scientific payloads to the lunar surface in 2026.

Japanese space company ispace has invested over $40 million in its new U.S. subsidiary to date, as it looks to take advantage of growing investment from NASA and the Pentagon in technologies for the moon. The level of investment is a mark of ispace’s “strong commitment to the U.S. market,” CEO Takeshi Hakamada said in a statement. The U.S. subsidiary, called ispace technologies U.S., employs more than 80 people out of Denver, Colorado.

Ispace’s attempted landing of its Hakuto-R spacecraft on the Moon appears to have failed.