Toyota is 'exploring rockets' with nearly $45 million investment in Japanese launch startup, chairman says

Published on January 13, 2025

Key Points:

1. Toyota Motor is exploring the development and production of orbital rockets, Chairman Akio Toyoda said Monday.

2. The automaker is investing 7 billion yen ($44.4 million) into Interstellar Technologies Inc., a startup developing orbital launch vehicles.

3. "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 news conference for CES.

Read the full article here.

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