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

AI Summary

Japanese space startup Letara has raised $16 million to expand its hybrid rocket technology beyond small satellite thrusters into markets for space, defense, and security. The funding aims to support Letara's broader technological applications in these sectors.

Japanese space startup Letara is betting its hybrid rocket technology can move beyond small satellite thrusters into a broader market for space, defense and security, after raising ¥2.6 billion ($16 million).