Toyota Motor Aktie
WKN: 853510 / ISIN: JP3633400001
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08.03.2025 15:09:00
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Why Are Honda and Toyota Trying to Compete With SpaceX?
It's only March, and we already we have a blue-ribbon winner for the most unexpected business news of 2025. According to CNBC, carmakers including Honda Motor Co. (NYSE: HMC), Toyota Motor Corporation (NYSE: TM), and China's Geely Holding (owner of the Volvo Cars and Polestar brands) are all now investing in...rockets. Wild though it sounds, these three automotive companies have collectively sunk more than $300 million into the twin space businesses of rocket design and satellite manufacturing.As the saying goes: "I did not have that on my bingo card."Since 2019, 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.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Aktien in diesem Artikel
| Honda Motor Co. Ltd. | 8,82 | -0,47% |
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| Honda Motor Co. Ltd. (Spons. ADRS) | 26,80 | 1,52% |
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| Toyota Motor Corp ADR Cert. Deposito Arg. Repr. 0.2 ADRs | 15 450,00 | 0,82% |
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| Toyota Motor Corp. | 16,75 | -3,29% |
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| Toyota Motor Corp. (spons. ADRs) | 166,00 | -1,48% |
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