Private space launch corporations INNOSPACE is creating a satellite division and moving to build an integrated space service system that spans from satellite development to launch, operation, and data services.
INNOSPACE said on Apr. 7 that, with the launch of its satellite division, it will fully push a full-lifecycle space platform business that supports the entire customer mission. The plan is to move beyond simple launch services and establish a vertically integrated business structure that links satellite design and manufacturing, launch, operation, and data utilization, with consolidation.
To that end, the company is gradually building core infrastructure centered on the Cheongju campus, including satellite development and manufacturing facilities, system integration infrastructure, operation and test evaluation facilities, and satellite antenna systems. Based on this, it will strengthen capabilities in customized satellite design and production and, by later expanding to ground station linkage, widen its business scope into satellite communications and data services. Ultimately, it aims to complete an "end-to-end (End-to-End)" service system and leap forward as a platform corporations that encompasses the entire space industry.
The first task of the newly created satellite division is developing the cubesat "InnoSat-0." The satellite is scheduled to head to space aboard "HANBIT-Nano," which is slated for launch in the third quarter of this year. INNOSPACE plans to use this to verify key satellite technologies, including the attitude determination and control system (ADCS), communications, power systems, and orbit control.
InnoSat-0 is a technology demonstration test satellite designed to verify the performance and stability of a satellite in the actual space environment. The company expects that this mission will secure the foundational technologies needed to realize future commercial satellite services and lay the groundwork for expanding the satellite business. It also said it is expected to become the first case showing that a domestic private launch corporations can independently carry out the entire process from satellite development and launch to operation.
Chief Executive Kim Su-jong of INNOSPACE said, "The creation of the satellite division is a starting point for expanding our business scope beyond the existing launch vehicle business to satellite development, launch, operation, and data services," adding, "We will enhance competitiveness in the global space market and raise customer satisfaction by diversifying our business portfolio and improving profitability."