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 Motor is exploring the development and production of orbital rockets, Chairman Akio Toyoda said Monday. The automaker is investing 7 billion yen ($44.4 million) into Interstellar Technologies Inc.

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 subsidiary, Woven, is investing heavily in Interstellar Technologies, marking a bold entry into the rapidly advancing space industry.

Toyota's chairman Akio Toyoda made the announcement at CES 2025 when he introduced the concept of "invention by kakezan" or "invention by multiplication," referring to the

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.

The investment is the latest sign of progress in the Japanese government’s push to nurture the country’s private space sector.

Toyota’s futuristic city, designed for up to 2,000 residents, reached its first milestone with sustainable innovations like robot dogs and eVTOLs.

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