Interstellar Technologies raised 8.9 billion yen ($61.8 million) to boost development of its Zero rocket and research and development of satellite systems.

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Japanese startup Interstellar Technologies announced a 7 billion yen ($44 million) investment Jan. 6 from Woven by Toyota, the automobile company's mobility technology arm.

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China's comparisons between its space program and SpaceX's launch capabilities may be short-sighted compared to the achievements of the country.

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