Loading Posts...

Space Race – Japan Has Now Joined the Rocket Launch Business

Space Race - Japan Has Now Joined the Rocket Launch Business

Jeff Bezos and Elon Musk are developing rockets in the US, but few people have heard of Mr Horie.

A new Japanese rocket flew on Saturday, launched in Kushiro, Japan on the northern most island of Hokkaido. This is the brainchild of a start-up which is the first privately developed rocket by Interstellar Technology Inc. which sent the Momo-3 unmanned launch on its first test flight to about 110 kilometers of about 68 miles into space. It fell into the Pacific Ocean after 10 minutes of flight time. The rocket measuring 10 meters in length and 50 centimeters in diameter and weighing 1 ton, was apparently scheduled to fly on Tuesday but the launch was delayed because of fuel complications.

The Saturday launch was successful. “It was a complete success. We`ll work to achieve stable launches and mass produce rockets in quick cycles,” said the company founder Takafumi Horie. This article was sourced from the Japan Times and Kyodo, Jiji news. About 1,000 people gathered for the launch and witnessed this historical event. The founder, Mr Horie was the former Livedoor Co. president, who is now looking to develop a low-cost commercial rocket business that can carry satellites into space.

This successful launch on Saturday came after two failures in 2017 and 2018 by this same start-up. The first Japanese developed by a private firm, the Momo-3 will likely attract attention to the industry and could, in the long-term, support an expanded Japanese ecosystem.

Team Classiarius

Classiarius

The author didnt add any Information to his profile yet

Classarius is the only data driven news for blockchain, cryptocurrencies and technology from investment professionals.
Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.

Classiarius Guest Posts
Classiarius allows guests to write articles on blockchain, finance, and analysis on technology, political risks and crpytocurrencies. You may include links to your previous content in your articles. Write Guest posts
Loading Posts...