Japan space startup Interstellar raises $21m from NTT-led backers

Company aims to put constellation of communications satellites in orbit by 2030s

20240805N Interstellar satellite

Japanese startup Interstellar Technologies plans to launch its Zero rocket for small satellites by 2025. (Interstellar Technologies)

HIROYASU ODA, Nikkei staff writer

TOKYO -- Japanese rocket and satellite startup Interstellar Technologies raised 3.1 billion yen ($21.2 million) from a group of funders that includes NTT Docomo, Japan's leading wireless carrier.

Interstellar allotted shares through private transactions with NTT Docomo, financial services provider SBI Group and other investors. Resona Bank extended financing, bringing the total funds raised to 3.1 billion yen.

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