INNOSPACE - Hanbit-Nano HyPER

The test launch vehicle 'Hanbit-TLV' for verifying flight performance of a 15-ton thrust hybrid rocket engine in North Face was successfully launched from the Alcantara Space Center in Brazil in 2023.

A space mobility innovator using hybrid rocket technology and optimized smallsat launch solutions.

• HANBIT-Micro with 150 kg capacity and HANBIT-Mini with 500 kg payload to 500 km SSO orbit are also being planned.
• South Korean rocket startup Innospace successfully launched a suborbital rocket from Brazil over the weekend, demonstrating a hybrid motor it plans to scale up into a small orbital launch vehicle. The launch of Innospace’s HANBIT-TLV suborbital rocket took place March 19 from the Alcântara Space Center, and the company called the flight a success, although it did not disclose the rocket’s peak altitude. 
• Apogeo Space partnered with INNOSPACE for 3 Low Earth Orbit (LEO) launches from 2025 to 2027.
• Innospace announced on 2024 March 21 that it had an order backlog worth $12.51 million (about 16.65 billion won).
• INNOSPACE unveils new HANBIT lineup, expanding its engine portfolio, May 2024.
  • Hanbit-Micro
  • Hanbit-Mini
• UAE Space Agency and INNOSPACE Sign Memorandum of Understanding (MoU) to Strengthen Cooperation in Space Commercialization, 2024-06-02.
• Hanbit-Nano: The second stage operates the hybrid engine ‘HyPER’ and the methane engine ‘LiMER’ depending on the launch mission.
• INNOSPACE’s HANBIT launch vehicle will conduct commercial missions to deploy thirty-five satellites for CShark to their target orbits from 2025 to 2027, and one satellite for EOS ORBIT in 2025.
• Became a public company in July 2024.
  • The startup will raise from 48.4 billion won ($~35M) to 57.6 billion won from the public offering.
  • Innospace posted 16 billion won ($11.5M) in operating losses and 230 million won ($0.16M) in revenue last year.
  • The company aims for 21.2 billion won in profit ($15.1M) and 97.2 billion won ($69.5M) in sales in 2026.
• Innospace shares tumble in stock market debut, SpaceNews, 2024-07-02.
• South Korea’s Innospace Plans Seven Rocket Missions In 2025, 2024-09-10.
• INNOSPACE Postpones HANBIT-Nano Launch Till July 2025, 2024-12-16.