Tokyo-based startup Innovative Space Carrier Inc. will develop a reusable satellite launch rocket in partnership with a US rocket engine maker, aiming for commercial use by around 2030.
It was reported by Kyodo News.
The ASCA-1 rocket will be powered by an engine developed by US partner Ursa Major Technologies Inc. and built under what Innovative Space Carrier calls Japan's first development project for a reusable launch vehicle. Reusable rockets, capable of multiple launches, can lower costs.
For the Japanese startup, satellite launch services are a first step in its plan to operate a spacecraft by the 2040s capable of transporting around 50 people to an altitude of 400 kilometres.
New US tariffs to affect imports from EU, China and dozens of other countries
US-India trade deal could be signed in 3-4 months, US official says
Google hit with $1 billion EU fine, Trump calls punishment 'illegal'
Trump announces 50% tariffs on wide range of Canadian imports
Fitch assigns Invest Bank long-term credit rating of 'BBB+'
