Japanese rocket startup Interstellar raises another $129.7 million in private investment capital
The Japanese rocket startup Interstellar announced late last week that it has successfully raised another $129.7 million in private investment capital, bringing its total available cash to $287.7 million.
Interstellar’s Series F round represents one of the largest fundraising to date by a privately held space startup in Japan2, bringing Interstellar’s cumulative funding to 44.6 billion JPY (287.7 million USD). The round, led by Woven by Toyota, raised 14.8 billion JPY (95.5 million USD) through a third-party allotment of preferred shares in an up-round.
In addition, the company secured 5.3 billion JPY (34.2 million USD) in debt financing from financial institutions, including 1.8 billion JPY (11.6 million USD) in loan facilities with stock acquisition rights provided by the Japan Finance Corporation. Alongside the fundraising, secondary transactions with existing shareholders were also conducted to optimize the company’s capital structure. Nomura Securities provided advisory support in this series, including the introduction of several potential investors, some of which resulted in fundraising.
Interstellar was one of the earliest rocket startups, first attempting a suborbital launch in 2018. After that launch failed it then disappeared for almost five years to suddenly reappear last year with major funding from Toyota and other sources.
It had previously hoped to complete the first launch of its Zero orbital rocket in 2025. At the moment however the company has set no new launch date, though it has announced that it has seven customer payloads for that launch.
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 announced late last week that it has successfully raised another $129.7 million in private investment capital, bringing its total available cash to $287.7 million.
Interstellar’s Series F round represents one of the largest fundraising to date by a privately held space startup in Japan2, bringing Interstellar’s cumulative funding to 44.6 billion JPY (287.7 million USD). The round, led by Woven by Toyota, raised 14.8 billion JPY (95.5 million USD) through a third-party allotment of preferred shares in an up-round.
In addition, the company secured 5.3 billion JPY (34.2 million USD) in debt financing from financial institutions, including 1.8 billion JPY (11.6 million USD) in loan facilities with stock acquisition rights provided by the Japan Finance Corporation. Alongside the fundraising, secondary transactions with existing shareholders were also conducted to optimize the company’s capital structure. Nomura Securities provided advisory support in this series, including the introduction of several potential investors, some of which resulted in fundraising.
Interstellar was one of the earliest rocket startups, first attempting a suborbital launch in 2018. After that launch failed it then disappeared for almost five years to suddenly reappear last year with major funding from Toyota and other sources.
It had previously hoped to complete the first launch of its Zero orbital rocket in 2025. At the moment however the company has set no new launch date, though it has announced that it has seven customer payloads for that launch.
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
Wait—they are calling it the Zero?
And Mr. Eagleson accuses me of living in the past.
Jeff Wright,
You do live in the past.
But so do the Japanese. Given that Mitsubishi has long been the rocket-maker of choice for the Japanese space agency, I’ve been surprised that none of its rockets got the name ‘Zero.’ You might want to look at the current list of ships in commission or in sea trials or under construction for the Japanese Maritime Self-Defense Force. Lots of familiar names to any student of the IJN during WW2.
There is a new Kaga, for example. And it’s even an aircraft carrier. It’s a bit longer, a bit faster, quite a bit wider but about 10,000 tons lighter than its sunken WW2 namesake. That’s because the Kaga that died at Midway was a conversion of a hull originally intended to be a battleship. The new Kaga was purpose-built as a carrier and doesn’t have its namesake’s armor belt.