Toyota to invest over $44M in rocket company

Toyota’s mobility subsidiary will invest $44.3 million into a Japanese rocket company. Interstellar Technologies (IST) is slated to receive Woven by Toyota’s multimillion-dollar investment "by the first close" of its Series F fundraising, the rocket company said Tuesday. It also announced a "business alliance" with Toyota.IST said it "aims to leverage automotive industry expertise, including Toyota’s production methods, to transition rocket manufacturing into a high-quality, cost-effective, and scalable pro ...