Toyota's Akio Toyoda Announces $44 Million Investment in Interstellar Technologies at CES 2025 to Explore Rocket Development

Jan 7, 2025, 01:17 AM

At CES 2025, Toyota announced its entry into the space industry by exploring rocket technology and making a nearly $45 million investment in Japanese startup Interstellar Technologies. Chairman Akio Toyoda revealed the company's plans to build rockets and develop satellite networks to support its vision of future mobility beyond Earth. This investment aims to position Toyota as a competitor in the growing commercial space sector, where Interstellar Technologies intends to mass-produce lightweight rockets. The partnership marks a significant step for Toyota, which is already involved in space through its supply of the Lunar Cruiser for the Artemis Program.