Honda conducts surprise reusable rocket test
Honda has succeeded in a launch and landing test of its prototype reusable rocket, the Japanese company says in a surprise announcement, marking a milestone towards its 2029 goal of achieving a suborbital spaceflight.
Honda R&D, the research arm of Japan's second-biggest car maker, successfully landed its 6.3-metre experimental reusable launch vehicle after reaching an altitude of 271 metres at its test facility in northern Japan's space town Taiki, according to the company.
While "no decisions have been made regarding commercialisation of these rocket technologies, Honda will continue making progress in the fundamental research with a technology development goal of realising technological capability to enable a suborbital launch by 2029," it said in a statement.
Honda in 2021 said it was studying space technologies such as reusable rockets but it has not previously announced the details of the launch test.
A suborbital launch may touch the verge of outer space but does not enter orbit.
Studying launch vehicles "has the potential to contribute more to people's daily lives by launching satellites with its own rockets, that could lead to various services that are also compatible with other Honda business," the company added.
Reusable launch vehicles have been the driver of emerging commercial space missions over the past decade, led by SpaceX's Falcon 9, while its US rivals including Blue Origin and companies in China and Europe also have reusable rocket plans.
Tokyo-based startup Innovative Space Carrier last month said it will test-launch a prototype reusable rocket in the United States in December using a US-made engine.
Honda's rival Toyota, the world's biggest car maker by sales, earlier this year announced an investment by its research arm in Taiki-based rocket maker Interstellar Technologies to support mass production of launch vehicles.
Japan's government has established a multibillion-dollar space venture fund to subsidise private rockets, satellites and other missions, targeting to double its space industry's size to 8 trillion yen ($US55.20 billion) by the early 2030s.
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Astill told the liquidator in November that Caason Investments had operated an 'innovation, research and development and project management investment business'. Preiner's investigation, however, painted a largely different picture: 'My investigations have identified that [Caason Investments'] predominant activity was borrowing funds from private investors and lending the borrowed funds to related entities of the company,' the liquidator stated in his report. The Australian Securities and Investments Commission is investigating Astill and his companies amid the litany of concerns identified in reports filed to the corporate regulator by liquidators, a well-placed source unable to speak publicly confirmed. The regulator declined to respond to detailed questions, but said: 'ASIC is aware of the concerns involving Caason Group and is considering them in line with our normal processes.' The corporate cop has already charged Astill. 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