Toyota Exploring Orbital Rockets
This is a Woven City news story, published by CNBC, that relates primarily to Akio Toyoda news.
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Toyota MotorCNBC
•Toyota is 'exploring rockets' with nearly $45 million investment in Japanese launch startup, chairman says
72% Informative
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 Inc. , a Japanese private spaceflight company.
Interstellar Technologies has performed seven launches of its small suborbital MOMO rockets, which reached space for the first time in 2019 .
Toyota also announced completion of the first phase of Woven City , including housing for residents.
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