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Toyota And Honda Investing In Space Technologies

In January, Toyota, through its mobility software subsidiary company “Woven by Toyota”, announced that it was investing $44 million into Japanese rocket maker, Interstellar Technologies. Meanwhile Honda has been developing a proprietary reusable rocket since 2019. Chinese automaker and Tesla competitor Geely Holding Group has invested $326 million to manufacture its own satellites to support its autonomous vehicle buildout. With connected vehicles expected to represent a $742 billion annual revenue opportunity for automakers and suppliers globally by 2030, automakers are seeing access to space as an important investment for the future.

View Photos of the Honda Saloon and Space-Hub Concepts

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Why automakers including Honda and Toyota are pouring millions into rockets  and satellites : r/space

CNBC

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