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

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

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.

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 Motor is investing ¥7 billion ($44 million) in startup Interstellar Tech to mass produce lightweight rockets, aiming to compete in the commercial space industry.

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.