Why automakers including Honda and Toyota are pouring millions into rockets and satellites

In January, Toyota said its mobility software subsidiary "Woven by Toyota" was investing $44 million into Japanese rocket maker Interstellar Technologies. Rival Honda has been developing a proprietary reusable rocket since 2019 to launch low-earth orbit satellites to space. Chinese automaker Geely Holding Group, a Tesla competitor, has invested $326 million to manufacture its own satellites."What are those satellites going to be used for and what are they already being used for?" said Micah Walter-Range, pr ...