ispace Inc. is a publicly traded Japanese company developing robotic spacecraft and other technology to compete for both transportation and exploration mission contracts from space agencies and other private industries. ispace's mission is to enable its clients to discover, map, and use natural lunar resources.

From 2013 to 2018, ispace was the owner and operator of the Hakuto team that competed in Google Lunar X Prize (GLXP). The team developed a lunar rover named Sorato.

ispace is headquartered in Tokyo, Japan, with offices in the United States and Luxembourg. The company's founder and CEO is Takeshi Hakamada.

ispace's Hakuto-R program, supported by Japanese funding and partnered with American Draper Laboratory, aims to offer lunar transport and exploration. Hakuto-R Mission 1, launched in December 2022 carrying the Rashid rover, failed during its April 2023 landing attempt. Hakuto-R Mission 2, launched in January 2025 with the RESILIENCE lander and a UNESCO "memory disk," also failed to establish communication after its attempted landing in June 2025, suggesting a hard landing. Future missions, starting with Hakuto-R Mission 3 in 2026, will focus on establishing high-frequency, cost-effective lunar transport and lunar water resource development.

Although ispace later became independent, it began as a partner of a European organization called White Label Space. White Label Space (WLS) was an international team of space engineers that was founded in 2008 to compete in the Google Lunar X Prize, for a grand prize of US$20 million to send a spacecraft to the Moon's surface, and have it travel 500 meters. WLS was headquartered in the Netherlands and led by Steve Allen. The European side aimed to develop the team's lunar lander while the Japanese group consisting of Tohoku University Space Robotics Lab and led by Kazuya Yoshida was to develop a rover.

In 2010, White Label Space Japan LLC, the predecessor of ispace was founded by Takeshi Hakamada to manage the commercial and technical aspect of the Japanese group. On 30 January 2013, when the European teammates ceased substantial involvement in the prize, the Japan-based members decided to continue the work, and WLS transferred the GLXP participation right to White Label Space Japan LLC. Steve Allen, WLS's leader was succeeded by Takeshi Hakamada.^{[citation needed]}

In May 2013, the team's parent company, White Label Space Japan changed its name to ispace, while the GLXP team was renamed "Hakuto" on 15 July of the same year. Team Hakuto did not succeed in undertaking a lunar mission during the GLXP, but following the cessation of the competition, ispace continued its lunar exploration plans and, in 2018, the company succeeded in raising over US$90 million in private funding to develop its own lunar lander in addition to continuing its work on lunar rovers.

By September 2018, ispace planned to test their systems by orbiting around the Moon but not land on it. The company signed up for two launches on SpaceX's Falcon 9 rockets, to take place in 2020 and 2021.^{[needs update]}