The Japan Aerospace Exploration Agency (JAXA), in collaboration with Mitsubishi Heavy Industries, ANA Holdings and about three dozen other Japanese companies and institutions, will develop reusable rockets to reduce launch costs.
The cost is expected to be more than four times lower than the cost of current launches carried out by major Japanese rockets such as the H-IIA and Epsilon, which are disposable. The cost reduction is expected to increase the number of overseas satellite launch orders. In other words, the project is intended to increase the competitiveness of Japan in the market for the launch of payloads into low-earth orbit. Now the leader in this area is SpaceX, which uses reusable rockets. The estimated cost of a SpaceX rocket launch is about $ 52.9 million.
The first launch of a Japanese reusable rocket is scheduled for 2030.
I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.
