A rocket developed by a maverick Japanese entrepreneur and convicted fraudster exploded shortly after liftoff Saturday, in a major blow to his bid to send Japan's first privately backed rocket into space. Interstellar Technologies, founded by popular internet service provider Livedoor's creator Takafumi Horie, launched the unmanned rocket, MOMO-2, at around 5:30 am (2030 GMT Friday) from a test site in Taiki, southern Hokkaido. Interstellar Technologies said it would continue its rocket development programme after analysing the latest failure.
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