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Japanese space tech startup Letara expands beyond satellite thrusters with $16M

CN
CitrixNews Staff
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Japanese space tech startup Letara expands beyond satellite thrusters with $16M

Japan is pouring billions of dollars into its burgeoning space industry and easing restrictions on defense exports, efforts designed to build a homegrown aerospace sector filled with domestic startups that have a global reach.

Letara, a Sapporo-based startup developing hybrid propulsion systems for spacecraft, is looking to capitalize on that push. After focusing on hybrid thrusters for small satellites, the company now plans to develop large rocket systems for the space, defense, and security markets, company’s co-CEO Shota Hirai told TechCrunch.

Originally reported by TechCrunch. Read the full story at the original source.