Japan's Letara raises $16M to expand hybrid rocket tech beyond satellite thrusters

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Japanese space startup Letara has raised ¥2.6 billion ($16 million) to scale its hybrid rocket technology. The company, which initially focused on small satellite thrusters, now aims to enter broader markets spanning space, defense, and security. Letara is betting that its proprietary propulsion technology can be adapted for a wider range of applications beyond its original scope. The funding marks a significant step in the startup's ambition to become a more diversified player in the space technology sector.

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