Toyota Motor plans to invest in the space exploration industry by partnering with Interstellar Technologies to develop and produce orbital rockets. This move signifies Toyota's ambition to expand its mobility vision beyond Earth.
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 Rockets Interstellar Technologies Investment
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