Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Japan News/Yomiuri
The Japan News/Yomiuri
National
The Yomiuri Shimbun

Companies invest 390 million yen. in Nagoya space travel start-up

Yoshimoto Kogyo Holdings Co., Toyota Tsusho Corp. and individual investors have put a total of about 390 million yen into PD AeroSpace, Ltd., a start-up company in Nagoya that is developing airframes for space travel, the company said Tuesday.

Yoshimoto Kogyo Holdings, an entertainment powerhouse known for its comedians, offered to help fund PD AeroSpace through its 100% subsidiary, and is planning to provide information regarding space travel via streaming that involves entertainers, and through other means. Toyota Tsusho is eyeing to start a new business in the field of spaceship development. The investment was made by the two companies and four individual investors. The financial breakdown is undisclosed.

PD AeroSpace is aiming to put a spaceship into space at an altitude of 100 kilometers in 2022 and a manned flight in 2025. The fund will be used to develop engines, test flights and for the use and preparation of space ports.

ANA Holidngs Inc. and major travel agency H.I.S. Co. also invested in PD AeroSpace.

Read more from The Japan News at https://japannews.yomiuri.co.jp/

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Kelly Osbourne fuels fresh romance speculation after sharing images of Kiinicki on social media
After her split from fiancé Sid Wilson, Kelly Osbourne has fuelled fresh romance speculation after sharing images of Kiinicki on social media.
BANG Premier
BANG Premier
I Always Thought Meryl Streep Was Basing Her Devil Wears Prada Character On Anna Wintour, But Apparently Not
I feel bamboozled, but this is fascinating.
Cinemablend
Cinemablend
IShowSpeed injured after LA Knight throws him mid livestream as WWE crossover turns unexpectedly real
IShowSpeed, also known as Darren Watkins Jr, was injured after LA Knight threw him into his setup during a livestream. He appeared with a bloody face and later showed bandages and an arm sling. Despite this, he continued streaming and spoke to fans. His comments also hinted at possible WWE…
The Times of India
The Times of India
Why Taylor Swift May Be 'Forced' to Invite Ex Harry Styles to Her Wedding With Travis Kelce
Rumours swirl over Taylor Swift's wedding guest list, including a possible invite to ex Harry Styles, as fresh legal troubles add pressure to an already watched romance.
International Business Times UK
International Business Times UK
Alix Earle has 'gotten used to' critics of her social media content
Social media influencer Alix Earle has learned to simply brush off the negativity comes with the territory of sharing her life online.
BANG Premier
BANG Premier
Four reasons why the new DC cinematic universe may fail (again)
Marvel and DC have been captivating the world with their superheroes and supervillains for almost a century. Characters like Spider-Man (Marvel) and Superman (DC) are global household names whose recognition rivals that of world leaders.
The Conversation
The Conversation
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play