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Innospace
AddedJun 1, 2026
UpdatedJun 1, 2026
Innospace

Innospace

Public

Innospace develops hybrid rocket-powered small satellite launch vehicles in South Korea.

HQ
Sejong, Sejong, KR
Founded
2017
Overview
Compare
Fundraising
Employees
News
Website

Innospace was founded in September 2017 by Kim Soo-jong, who holds a Ph.D. in aerospace engineering from Korea Aerospace University. The company specializes in developing small satellite launch vehicles using hybrid rocket technology, which offers cost advantages and environmental benefits over traditional liquid or solid rockets. Its product line includes the HANBIT-NANO (90kg payload to sun-synchronous orbit), HANBIT-MICRO (170kg payload), and HANBIT-MINI (1300kg payload), along with the HANBIT-TLV suborbital test vehicle.

The company achieved a historic milestone on March 21, 2023, when it launched the HANBIT-TLV from Brazil's Alcântara Space Center, becoming the first private South Korean company to launch a space vehicle. Innospace completed its IPO on the Korean KOSDAQ exchange in July 2024 and has secured commercial launch contracts with customers including Italy's CShark and Thailand's EOS Orbit. The company maintains headquarters in Sejong, South Korea, with an additional campus in Cheongju, and is actively expanding its presence in North America through partnerships with Ensemble Commercial Services.

Innospace - Products & Services

  • HANBIT-NANO logo

    HANBIT-NANO

    Small satellite launch vehicle using hybrid rocket technology.

    Competing Products

    Firefly Aerospace logo
    Unastella logo

Innospace - Similar Companies

Unastella logo

Unastella

unastella.co

Firefly Aerospace logo

Firefly Aerospace

fireflyspace.com

Innospace - Quick Facts

Who are Innospace's competitors?

Companies similar to Innospace include Unastella and Firefly Aerospace.

When was Innospace founded?

Innospace was founded in 2017.

Where is Innospace's headquarters located?

Innospace's headquarters is located in Sejong, Sejong, KR.

How much has Innospace raised to-date?

As of Jul 2, 2024, Innospace has raised a total of $26.8M (USD).

Innospace - Classification

Industry
  • Aerospace
Ownership
  • Public
Technology
  • Hybrid Rocket Engine
Model
  • Operating