Investment in DAWN AEROSPACE LIMITED Aiming to Build a Reusable Space Transportation Network

Global Brain Corporation (hereinafter "Global Brain") announces that AH-GB Future Creation Investment Business Limited Partnership (hereinafter "ANA Future Creation Fund"), which it operates, has completed an investment in DAWN AEROSPACE LIMITED (headquartered in New Zealand; hereinafter "Dawn Aerospace"), a company aiming to build a reusable space transportation network.

Dawn Aerospace is a startup striving to realize sustainable and scalable space transportation that connects Earth's and space-based economies. The company has commercialized a green satellite propulsion system that excels in safety, performance, and cost-efficiency, already operating on over 50 artificial satellites. Additionally, 21 satellites from four customers using Dawn's propulsion systems are scheduled to launch aboard SpaceX's Transporter-18 mission in October 2026. Building on these achievements, the company is also developing its in-orbit refueling service, "Loop." A demonstration of in-orbit refueling is planned for 2028, aiming to usher in a new era where satellites can be refueled and continuously operated in space.

Furthermore, the company is advancing the development of its spaceplane, "Aurora," which combines rocket performance with aircraft reusability and has already achieved supersonic flight. "Aurora" is planned to conduct two spaceflights per day by 2027.

Through these two core initiatives, Dawn Aerospace aims to establish a foundation for high-frequency, low-cost access to space and sustainable mobility infrastructure in orbit.

Global Brain shares Dawn Aerospace's vision of transforming space access through technological innovation, proven execution capability, and commercial success in satellite propulsion systems. This investment reflects Global Brain's commitment to supporting Dawn Aerospace's mission to realize a sustainable and scalable space transportation ecosystem.

■ About Dawn Aerospace

Company Name: DAWN AEROSPACE LIMITED

Headquarters: Christchurch, New Zealand

Representative: Stefan Powell

Founded: October 2017

Business: Development and provision of green satellite propulsion systems, reusable spaceplanes, and in-orbit refueling services

URL: https://www.dawnaerospace.com

■ About ANA Future Creation Fund

Registered Name: AH-GB Future Creation Investment Business Limited Partnership

General Partner: Global Brain Corporation

Total Capital: 8 billion JPY

Fund Term: 10 years

Limited Partner: ANA Holdings Co., Ltd.

Investment Focus: Areas expected to generate new revenue opportunities through acceleration of new business creation and expansion into non-aviation-linked businesses, as well as improvements in aviation business profitability and customer experience value

Target Sectors: Next-generation mobility (air mobility, MaaS platforms, Universal MaaS, drones, space, etc.), customer base utilization businesses (FinTech, data analytics, NFTs, etc.), carbon neutrality (fuels such as SAF, negative emission technologies like DAC, green energy, carbon offsetting, etc.), aviation services and operations (robotics, AI, autonomous driving technologies, etc.), and others

■ About Global Brain Corporation

Company Name: Global Brain Corporation

Headquarters: 2-17-1 Shibuya, Shibuya-ku, Tokyo, Japan

Representative: President & CEO Yasuhiko Yurihara

Founded: January 1998

Business: Venture capital operations

URL: https://globalbrains.com