JAPAN FIRM SIGNS WITH SPACEX FOR LUNAR MISSIONS

A Japanese start-up is to send spacecraft to the moon in a deal signed with Elon Musk's SpaceX, the Tokyo-based firm said Wednesday.

Private lunar exploration company ispace said it would blast a lander and rovers towards the moon on a SpaceX rocket on two separate missions.

The spaceware will first orbit the moon in mid-2020, followed by a moon landing attempt set for mid-2021.

It comes a week after SpaceX confirmed Japanese billionaire Yusaku Maezawa will be the first man to fly around the moon on a SpaceX rocket as early as 2023.

"We share the vision with SpaceX of enabling humans to live in space, so we're very glad they will join us in this first step of our journey," ispace CEO Takeshi Hakamada said in a statement.

Hakamada also told reporters the company chose SpaceX as it is "highly credible" and "capable".

SpaceX President Gwynne Shotwell said in a statement that the company is "proud to have been selected by ispace to launch their first lunar missions".

Hakamada said he could not reveal costs for lunar programs.

The company has already collected nearly $95 million from investors.