Japan's second-biggest carmaker, Honda, has successfully tested an experimental reusable rocket, the company says, as it seeks to expand into the space sector.

Honda says its first reusable rocket launch was successful as the Japan's second-biggest automaker marked a key milestone to create its space wing by 2029.

Honda's experimental reusable rocket is pretty small compared to SpaceX's Falcon, but the company's entry in the space race might help stir up the competition.