Why automakers including Honda and Toyota are pouring millions into rockets and satellites
1. Toyota invests $44 million in rocket maker Interstellar Technologies for satellite services. 2. Honda develops reusable rockets to launch low-earth orbit satellites for navigation and mapping. 3. Connected vehicles could generate $742 billion revenue opportunity by 2030 for automakers. 4. Automakers shifting to service revenue models similar to the smartphone industry. 5. GM expects $2 billion annual revenue from its Super Cruise system in five years.