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Aerospace & Defense Industries

Honda to enter satellite launch business by 2030

Japanese carmaker to apply autonomous technology to reusable rockets

Japanese automaker Honda plans to enter the commercial space business, following on from its foray into small business jets. (Source photo by Reuters and Honda)

TOKYO -- Honda Motor will launch a test rocket by 2030 as it looks to enter the small satellite launch business, the Japanese car company announced Thursday, applying combustion-engine and other automotive technologies to new areas, even as the car industry shifts to electric vehicles.

The satellite launch business is heating up and includes startups such as Tesla CEO Elon Musk's SpaceX, as private companies look to space as a new growth market.

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