Japanese rocket startup Interstellar gets another $47 million grant from Japan
The Japanese rocket startup Interstellar last week announced it has been awarded a new $47 million grant from Japan’s Small Business Innovation Research (SBIR) program, in addition to the $53 million awarded in earlier grants.
The SBIR is a 3-phased governmental program aimed to promote the implementation of advanced technologies developed by startups in Japan. Interstellar was selected in September 2023 under the space section focused on the “Development and Demonstration of Private Launch Vehicles”, a project spanning for 5 years, from September 2023 to March 2028. After being selected as one of the four participating companies, Interstellar became one of three companies to pass the Phase 1 review in September 2024.
In this latest round, Interstellar is one of only two companies to pass, moving into the 3rd and final phase, which includes flight demonstration. Including the funds of the previous phases the total amount has reached a maximum of 15.4 billion JPY ( 98.97 million USD).
The company has also raised a little under $130 million in private investment capital, and has also signed contracts placing seven satellites on the first launch of its proposed Zero rocket. That launch was originally supposed to occur in 2025, but did not. No new launch date has been set, though this new grant suggests the company is getting close, though I also doubt it will occur in 2026.
At the moment Japan has no launch capability, as the two rockets controlled by its space agency JAXA are both grounded due to launch failures. It has several startups trying to build their own rockets, but none has succeeded as yet. The only one to attempt a launch, Space One, has tried three times to reach orbit with its Kairos rocket, all failures.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
The Japanese rocket startup Interstellar last week announced it has been awarded a new $47 million grant from Japan’s Small Business Innovation Research (SBIR) program, in addition to the $53 million awarded in earlier grants.
The SBIR is a 3-phased governmental program aimed to promote the implementation of advanced technologies developed by startups in Japan. Interstellar was selected in September 2023 under the space section focused on the “Development and Demonstration of Private Launch Vehicles”, a project spanning for 5 years, from September 2023 to March 2028. After being selected as one of the four participating companies, Interstellar became one of three companies to pass the Phase 1 review in September 2024.
In this latest round, Interstellar is one of only two companies to pass, moving into the 3rd and final phase, which includes flight demonstration. Including the funds of the previous phases the total amount has reached a maximum of 15.4 billion JPY ( 98.97 million USD).
The company has also raised a little under $130 million in private investment capital, and has also signed contracts placing seven satellites on the first launch of its proposed Zero rocket. That launch was originally supposed to occur in 2025, but did not. No new launch date has been set, though this new grant suggests the company is getting close, though I also doubt it will occur in 2026.
At the moment Japan has no launch capability, as the two rockets controlled by its space agency JAXA are both grounded due to launch failures. It has several startups trying to build their own rockets, but none has succeeded as yet. The only one to attempt a launch, Space One, has tried three times to reach orbit with its Kairos rocket, all failures.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News