In April 2023, ispace faced a setback when their first spacecraft made an unsalvageable 'hard landing', thwarting their goal of being the first private company to touch down on the Moon. However, the company is determined to redeem itself with Mission 2. The founder and CEO, Takeshi Hakamada, expressed disappointment in the failure of Mission 1 but emphasized the importance of learning from the experience and moving forward. ispace's new lander, Resilience, is set to launch from Florida and aims to successfully land on the Moon, deploying a micro rover and various payloads. One of the experiments onboard involves splitting water into oxygen and hydrogen gas for potential spacecraft fuel use. The company's cost-cutting strategy includes a private-sector rocket rideshare. The competitive landscape in space exploration is evident with other companies like Space One and Interstellar Technologies also making strides in the domain. The surge in satellite launches, driven by private space businesses, underscores the growing opportunities and investments in the space sector.