Small satellite launch vehicle using hybrid rocket technology.
Competing Products
Innospace
Innospace develops hybrid rocket-powered small satellite launch vehicles in South Korea.
Founded
2017Innospace develops hybrid rocket-powered small satellite launch vehicles in South Korea.
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.
Companies similar to Innospace include Unastella, Firefly Aerospace, Perigee Aerospace and Manastu Space.
Innospace was founded in 2017.
Innospace's headquarters is located in Sejong, KR.
Innospace's most recent funding round was for $42.3M (USD) in July 2024.
As of Jul 2, 2024, Innospace has disclosed funding of $69M (USD). Undisclosed round amounts are excluded.
Manastu Space
manastuspace.com