Tokyo-based startup Innovative Space Carrier Inc. will develop a reusable satellite launch rocket in partnership with a US rocket engine maker, aiming for commercial use by around 2030.
It was reported by Kyodo News.
The ASCA-1 rocket will be powered by an engine developed by US partner Ursa Major Technologies Inc. and built under what Innovative Space Carrier calls Japan's first development project for a reusable launch vehicle. Reusable rockets, capable of multiple launches, can lower costs.
For the Japanese startup, satellite launch services are a first step in its plan to operate a spacecraft by the 2040s capable of transporting around 50 people to an altitude of 400 kilometres.
Dubai Taxi Company to acquire National Taxi
Dubai Holding becomes largest shareholder of Emaar Properties
Abu Dhabi gets AED55 billion boost for 24 infrastructure projects
Abu Dhabi aims for 80% local materials in housing projects
