INNOSPACE is up about 19% in early trading on the 5th. The buying appears to be driven by news the previous day that INNOSPACE signed a letter of intent with a Canadian space launch service corporations.
As of 9:50 a.m. on the 5th, INNOSPACE is trading on the KOSDAQ market at 16,770 won, up 19.7% (2,760 won) from the previous day.
On the 4th, INNOSPACE said it signed a nonbinding letter of intent (LOI) with Maritime Launch Services (MLS), a Canadian space launch corporations, to cooperate on North American launches.
MLS is a corporations that operates the Nova Scotia Spaceport, a commercial orbital spaceport located in Canso, Nova Scotia, Canada.
The LOI was signed to set a strategic direction for cooperation to jointly review the operation of INNOSPACE's HANBIT launch vehicle from technical, regulatory and commercial perspectives.
Until now, INNOSPACE has secured launch bases in Brazil, Australia and Portugal. Through this cooperation, it has expanded its launch network to North America.