Japan launches $6bn-plus space fund to bolster private ventures

Tokyo aims to ease entry into field for satellite constellations, lunar fuel cells

20240426N satellite

Tokyo hopes to boost domestic companies developing satellites and other space technology. (Warpspace)

YUNA YAMADA, Nikkei staff writer

TOKYO -- Japan has launched a 1 trillion yen ($6.43 billion) fund for private space development, planning to subsidize as much as 100% of R&D costs by startups and universities in order to bolster domestic technological innovation in the field.

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