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Japanese space tech startup Letara expands beyond satellite thrusters with $16M

Japanese space startup Letara is betting its hybrid rocket technology can move beyond small satellite thrusters into a broader market for space, defense and security, after raising ¥2.6 billion ($16…

  • Letara expands into large rocket systems for defense and security markets.
  • Hybrid propulsion uses plastic and rubber as solid fuel, separate from liquid oxidizer.
  • Global hybrid rocket market projected to reach $2.6 billion by 2032.

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