5 August 2024 – Interstellar Technologies Inc., a leading space infrastructure company dedicated to addressing global challenges through space transportation and utilization, has successfully raised 3.1 billion yen in its Series E round via third-party share allocation to new investors such as SBI GROUP and NTT DOCOMO, INC., alongside financing from Resona Bank. This addition brings the cumulative funding, including subsidies, to about 17 billion yen. Interstellar is pursuing Japan’s first vertical integration of the rocket and satellite businesses. In September 2023, the development of the orbital class launch vehicle ZERO was selected for the Ministry of Education, Culture, Sports, Science and Technology’s “SBIR Phase 3” (Small Business Innovation Research). Upon successful completion of two stage-gate evaluations, up to 14 billion yen will be granted by fiscal year 2027, supporting steady progress towards the inaugural launch. Read more