The Japanese government has established a Space Strategy Fund (SSF) to subsidize research and development in space technology, aiming to secure a foothold in the emerging new space industry. On March 11, Japan’s Ministry of Education, Culture, Sports, Science and Technology (MEXT) proposed a draft for the SSF’s second phase, with pending proposals expected from the Ministry of Internal Affairs and Communications (MIC) and Ministry of Economy, Trade and Industry (METI).