Japanese Space Startup Aims to Compete With US Rivals
|05/15/2019||Posted by BusinessMediaguide.Com under General World News||
A Japanese startup that launched a rocket into space earlier this month plans to provide low-cost rocket services and compete with American rivals such as SpaceX, its founder said Wednesday.
Interstellar Technology Inc. founder Takafumi Horie said a low-cost rocket business in Japan is well-positioned to accommodate scientific and commercial needs in Asia. While Japan’s government-led space programs have demonstrated top-level technology, he said the country has fallen behind commercially due to high costs.
“In Japan, space programs have been largely government-funded and they solely focused on developing rockets using the best and newest technologies, which means they are expensive,” Horie told read more >>>