Interstellar Technologies is aiming for vertical integration with rocket and communications satellite development. Credit: Interstellar Technologies

HELSINKI — Interstellar Technologies raised 8.9 billion yen ($61.8 million) to boost development of its Zero rocket and research and development of satellite systems.

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Andrew Jones writes about China's space industry, including civilian programs, space science and exploration, policy, and commercial developments for SpaceNews, and writes the China Report newsletter. He has additional bylines in Scientific American,...