Japan’s space industry is getting a boost, and Sapporo-based startup **Letara** is seizing the moment. The company, which develops hybrid rocket propulsion, has raised **¥2.6 billion (~$16 million)** to expand beyond satellite thrusters into larger rocket systems for space, defense, and security. Co-CEO Shota Hirai says the funding will help turn years of research into commercial products. Letara’s technology uses inexpensive materials like plastic and rubber as fuel, aiming to solve key challenges in hybrid propulsion. With the global hybrid rocket market projected to reach **$2.6 billion by 2032**, the startup is targeting satellite makers, launch companies, and governments. Read the full story for more details.

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