Innospace Co., Ltd.
KKRX:4623504,950.00
KRW
-230.00
(-4.44%)
ISIN
KR7462350000
Return %
Stock
S&P 500
1Y
-38.69
14.39
3Y
- -
81.42
5Y
- -
68.62
Capital Structure
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KRW
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in mil. unless spec.Company Description
- CEO
- Soo Jong Kim
- Full Time Employees
- 253
- Sector
- Technology services
- Industry
- Packaged software
- Address
- Sejong South Korea
- IPO Date
- Jul 2, 2024
- Website
- innospc.com
- Similar Companies
- Business
- Innospace Co., Ltd. is a South Korea-based aerospace manufacturer and commercial space launch service provider that develops small satellite launch vehicles and hybrid rocket propulsion systems. Founded in 2017 and headquartered in Sejong, South Korea, the company specializes in accessible, cost-effective, and rapid-response orbital launch solutions tailored for commercial, academic, and governmental small satellite operators. Innospace operates through integrated aerospace business segments covering launch vehicle engineering, hybrid propulsion system manufacturing, payload integration, mission management, and launch site operations. The company's core product and service portfolio includes the Hanbit family of launch vehicles, comprising the Hanbit-Nano, a two-stage small satellite launcher designed to deploy payloads of up to 50 kilograms into a 500-kilometer sun-synchronous orbit; the Hanbit-Micro, a two-stage launch vehicle engineered for payload capacities up to 170 kilograms; the Hanbit-Mini, a multi-stage launch vehicle capable of carrying payloads up to 1,300 kilograms; and the Hanbit-TLV suborbital test vehicle utilized for propulsion validation and high-altitude scientific research; proprietary hybrid rocket propulsion systems utilizing non-toxic solid paraffin fuel and liquid oxygen oxidizers with electric-motor-driven pump feed systems; dedicated and rideshare orbital launch services; satellite separation mechanism integration; customized payload fairing and adapter design; and pre-launch ground qualification and trajectory simulation services. Innospace conducts business globally, operating an international subsidiary, Innospace do Brasil, and maintaining operational and launch site access in South Korea, Brazil, and Norway. In recent developments, Innospace completed its initial public offering on the KOSDAQ market under the ticker symbol 462350 in July 2024, securing growth capital to scale launch vehicle manufacturing capabilities and fund commercial orbital operations. Following the successful suborbital flight verification of its hybrid propulsion technology via the Hanbit-TLV in 2023, the company has expanded its commercial customer portfolio by securing multiple multi-launch agreements and payload reservation contracts with international satellite operators across Europe, Latin America, and Asia, while formalizing orbital launch site agreements at the Alcântara Space Center in Brazil and Andøya Spaceport in Norway.