INNOSPACE shares were rising in early trading on the 17th. The move came after news that INNOSPACE's private space launch vehicle will attempt its first commercial launch.
As of 9:44 a.m. on the 17th, INNOSPACE stock was trading at 12,400 won, up 8.39% (960 won) from the previous session.
INNOSPACE will launch the rocket "Hanbit-Nano" at 3:45 a.m. on the 18th Korea time from the Alcântara Launch Center in Brazil. This is the first attempt by a domestic private space launch vehicle at a commercial launch.
The mission name is "Spaceward," and the goal is to carry eight payloads to an altitude of 300 kilometers: five small satellites intended for orbit insertion for Brazil and India, and three non-separating experimental devices. The payload mass is 18 kilograms.
With this mission, INNOSPACE is expected to become the first domestic private company to place a customer satellite into low Earth orbit.