Innospace

Positioning

Innospace is South Korea leading private launch company, KOSDAQ-listed since 2024, flying the HANBIT-Nano small launcher on hybrid propulsion from the Alcantara spaceport in Brazil — an unusual Korea-Brazil axis that gives it an equatorial pad without domestic licensing constraints. Its first orbital attempt in December 2025 failed due to a hardware fault (investigation published), and a second launch is planned for 2026 with customer payloads and a SpaceBey satellite deployer integrated for a Q3-2026 mission. A suborbital test success (HANBIT-TLV, 2023) and public-market capital keep it credible despite the failure.

Latest signals

• 1 Jun 2026Innospace completed a suborbital launch and became publicly listed on the Korean stock exchange.TechCrunch
• 17 Mar 2026Innospace attributed the Hanbit-Nano launch failure to an exhaust leak in the combustion chamber.SpaceNews
• 9 Jan 2026Innospace designated Malbusca Spaceport as its first launch site in Europe.European Spaceflight
• 9 Jan 2026Innospace signed an agreement to launch Hanbit rockets from Portugal’s Malbusca Spaceport.European Spaceflight

4 signals name Innospace. Members see all of them, filtered by topic, source and date.

Facts, with sources

• 17 Mar 2026Inaugural launch failed in December when exhaust leaked from a combustion chamber and caused the rocket to break upSetback · SpaceNews
• 17 Mar 2026Follow-up launch in Brazil within Q3-2026 using an already secured launch slotDeployment · SpaceNews
• 17 Mar 2026Leak traced to plastic deformation of sealing components during hybrid engine reassemblySetback · SpaceNews
• 4 Mar 2026Letter of intent with Maritime Launch Services to examine potential use of Spaceport Nova ScotiaPartnership · SpaceNews

10 facts on file. Members see all of them with the source link.

Scores, Space (of 10)

Traction: deployment, production, commercials, progress. Capability: technology, positioning, firepower, leverage.

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