Woven by Toyota, a subsidiary of the company, is investing around $44.4 million (7 billion yen) in Japanese space startup Interstellar Technologies as a means of entering into the booming space industry, Interstellar announced this week.

Japanese automaker Toyota is "exploring rockets," chairman Akio Toyoda announced onstage at CES 2025 on Monday, while hinting at the idea of moving people

Interstellar Technologies, a Japanese rocket developer, is to receive $44.3 million from Toyota Group company Woven. The investment is part of a larger strategic capital and business alliance with Toyota aimed at the “mass production of rockets,” the Hokkaido, Japan-based startup said on Jan. 7.

Interstellar intends to apply automotive industry expertise to transform rocket manufacturing into a “high-quality, cost-effective, and scalable process”.

The Toyota Motor Corporation will invest $44.4 million in Japan-based Interstellar Technologies to help the private spaceflight firm develop rockets to launch satellites into Earth's orbit.

A Toyota research unit will invest in Japanese startup Interstellar Technologies (IST) to support mass production of its rockets, the world's biggest carmaker group said on Tuesday, expanding its foray into the space sector.

Toyota’s mobility subsidiary plans to make a $44.3 million investment into a Japanese rocket company, Interstellar Technologies, according to a Tuesday announcement.

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