Japan's Canon Electronics shares fell as much as 12.7% on Wednesday after Tokyo-based Space One's small rocket exploded just moments after its maiden launch.
If successful, Space One would have been Japan's first company to put a satellite in orbit, according to Reuters.
Space One was set up in 2018 by a consortium of Japanese companies including Canon Electronics, IHI Aerospace and construction firm Shimizu , along with the government-owned Development Bank of Japan.
Space One's shareholder companies fell after the failed launch.
IHI and Shimizu fell about 1%, while the banks edged lower.
Persons:
Shimizu
Organizations:
Canon Electronics, Reuters, IHI Aerospace, Development Bank of Japan, Mitsubishi, Mizuho Financial Group
Locations:
Tokyo, Japan, Shimizu