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

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.

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.

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.

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.

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

A research unit of Toyota is reportedly going to invest in a Japanese startup called Interstellar Technologies (IST) to support the mass production of rockets, the biggest carmaker of the world said on Tuesday.

Toyota Motor is venturing into space exploration with plans to develop and produce orbital rockets, Chairman Akio Toyoda announced Monday at the Consumer Electronics Show in Las Vegas. Toyota is investing over $40 million in Interstellar Technologies Inc.