logo
welcome
CNBC

CNBC

Toyota is 'exploring rockets' with nearly $45 million investment in Japanese launch startup, chairman says

CNBC
Summary
Nutrition label

72% Informative

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

The automaker is investing 7 billion Japanese yen ( $44.4 million ) into Interstellar Technologies Inc. , a Japanese private spaceflight company.

Interstellar Technologies has performed seven launches of its small suborbital MOMO rockets, which reached space for the first time in 2019 .

Toyota also announced completion of the first phase of Woven City , including housing for residents.

VR Score

77

Informative language

79

Neutral language

55

Article tone

formal

Language

English

Language complexity

69

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links