Toyota Motor Corporation is venturing into the space industry by investing in Interstellar Technologies, a Japanese startup focused on orbital launch vehicles. This move signals Toyota's ambition to expand its 'mobility' vision beyond Earth and into space exploration.
Toyota Motor is exploring the development and production of orbital rockets , Chairman Akio Toyoda said Monday. The automaker is investing 7 billion Japanese yen ($44.4 million) into Interstellar Technologies , a startup developing orbital launch vehicles. 'We are exploring rockets too, because the future of mobility shouldn't be limited to just earth or just one car company, for that matter,' Toyoda said during a press conference for CES.
The automaker, through its Woven by Toyota mobility company, is investing 7 billion Japanese yen ($44.4 million) into Interstellar Technologies Inc., a Japanese private spaceflight company developing launch vehicles for satellites. 'We are exploring rockets too, because the future of mobility shouldn't be limited to just earth or just one car company, for that matter,' Toyoda said during a press conference for the Consumer Electronics Show in Las Vegas.Jeff Bezos believes his space company Blue Origin will be bigger than $2 trillion Amazon Founded in 2013, Interstellar Technologies has performed seven launches of its small suborbital MOMO rockets, which reached space for the first time in 2019. The startup has yet to deploy a satellite in orbit, with plans to develop the larger ZERO and DECA line of rockets for delivering spacecraft.Toyota said the company expects to leverage its experience with the mass production of vehicles for the production of rockets with Interstellar Technologies. In the Japanese launch market, Toyota is taking on Mitsubishi, whose subsidiary Mitsubishi Heavy Industries has developed and launched the H3 series of rockets for JAXA, the country's space agency. Mitsubishi's H3 rocket, which debuted several years behind schedule, was intended to be priced competitively with SpaceX's Falcon 9 rockets, which dominate the current global launch marke
Toyota Space Exploration Interstellar Technologies Orbital Rockets Investment
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NASA invests $1.5M for new space manufacturing initiative at Auburn UniversityFrench President Emmanuel Macron expressed “gratitude” Saturday to those who saved, helped and rebuilt Notre Dame Cathedral. He made the comments during a ceremony as the cathedral reopened its doors for the first time since a fire in 2019 nearly destroyed the building.
Read more »
BMW invests in carbon-neutral mining startup Phoenix TailingsThe German automaker is taking additional steps towards securing a sustainable supply chain.
Read more »
Trump Jr's Fund Invests in 3D-Printed Rocket Fuel Startup1789 Capital, a venture fund with ties to Donald Trump Jr, led a $60 million investment in Firehawk Aerospace, a startup developing 3D-printed rocket fuel.
Read more »
Sierra Space CEO leaves, as $5 billion company pushes to launch space planeSierra Space CEO Tom Vice has left the company, CNBC confirmed Monday.
Read more »
Space Junk Falls to Earth in Kenya, Identified by National Space AgencyA large, red-hot object fell from the sky into a Kenyan village on Monday, prompting an investigation by the Kenya Space Agency (KSA). The object has been identified as a fragment of a space object, believed to be a separation ring from a rocket. The KSA took custody of the 2.5-meter wide, 500 kg object, stating that it is likely an isolated case. The object is still under investigation.
Read more »
Edge of Space: A Thrilling Short Film Inspired by the Space RaceA new short film, 'Edge of Space', is making waves in the film festival circuit. Set during the height of the Cold War space race, the film follows a brave USAF test pilot recruited by NASA for a suborbital mission.
Read more »