Japanese space debris removal startup Astroscale's shares surge 51% in Tokyo debut, reaching a market cap of $1.1B.

Japanese space debris removal startup Astroscale Holdings saw its shares surge 51% in its Tokyo market debut, trading at ¥1,281 per share compared to an initial public offering price of ¥850. The company aims to increase investment in technology to remove space debris as demand grows in the commercial space industry. Astroscale's market capitalization reached ¥170 billion ($1.1 billion) after its shares surged.