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Why Are Honda and Toyota Trying to Compete With SpaceX?

The Motley Fool
Summary
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77% Informative

Honda Motor Co. ( NYSE : HMC ), Toyota Motor Corporation , and China 's Geely Holding are all now investing in rockets.

Honda has been developing what CNBC calls a "proprietary reusable rocket" Toyota made a $44 million investment in Japanese rocket start-up Interstellar Technologies earlier this year .

Geely, meanwhile, is investing $326 million in satellite manufacture.

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