Toyota has launched its journey in the space race. Recently, a Japanese start-up, Interstellar Technologies, announced that Toyota is investing $44 million (7 billion yen) through a subsidiary. Now, Toyota Motor Corporation has also entered the space race, following in the footsteps of other notable companies such as SpaceX, founded by Elon Musk, and Blue Origin, founded by Jeff Bezos. This investment will make Toyota the executive board of Interstellar, which makes their stake even stronger.
Japan’s Push for Private Space Participation
Space exploration has been a hot topic in recent years. And, the Japanese government does not want to be left behind. They have been encouraging companies in the private sector to step up their game in space exploration. Many countries like the United States and China launch several rockets annually, whereas, Japan is still lagging.
The Japanese government is set to target 30 launches per year within the first half of 2030. But as of 2023, Only three launches have been successful. Therefore, to make this goal come true the country needs to step up and get a major transformation.
Toyota’s expertise in the automotive industry can help Interstellar Technologies in manufacturing rockets more efficiently. With the help of Toyota’s production method, will be a game changer for the start-up to create quality, cost-effective, and highly scalable rockets. Moreover, Interstellar has the competitive edge to compete globally with Toyota’s association.
Space Vision of Interstellar Technologies
The startup is focusing more on the mass production of light-weighted rockets. This will cut the cost of satellites. Furthermore, with Toyota with them, Interstellar is set to scale up its operations and manufacturing process. With Interstellar, Japan will become one of the global players and bring much-needed innovation.
Toyota’s Broader Vision
Toyota’s entry into the space race is a part of its broader strategy and a chance to innovate transportation. The Chairman of Toyota Akio Toyoda said that in the future transportation will not be limited to only just cars. Making a statement that hints at their desire to compete with the other private space companies.
Toyota took a bold step by investing in Interstellar Technologies. This is just a stepping stone for Toyota to become the future of mobility and space exploration. With Toyota’s cooperation, Japan can reach a new height in the space industry in the upcoming years.
