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Aerospace & Defense

Japan nurtures Asian entrepreneurs for edge in new space race

Economic growth expected to fuel region's appetite for commercial satellite launches

Buzz Aldrin walks on the moon during the Apollo 11 mission on July 20, 1969. (Neil A. Armstrong/ NASA /AP)

TOKYO -- Fifty years after man first walked on the moon, Japan is exploring the profitable side of space with efforts to build up an ecosystem for space-related startups.

Known as "New Space," the commercial space industry runs the gamut from launching rockets to providing satellite-based services for businesses.

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