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Innospace raised 20 billion won (roughly $15,000,000) in December in a Series B Bridge round led by Korea Investment Partners.
Innospace is negotiating with Norway’s Andøya Spaceport and is pursuing another launch site in Asia to serve regional customers.
The HANBIT-TLV test vehicle is a 16.3-meter single-stage rocket designed to verify the performance of a 15-ton-thrust rocket engine developed by INNOSPACE.
INNOSPACE decided at 4 a.m. to delay the HANBIT-TLV launch due to a technical error and transported the rocket back to the assembly center from the launch pad.
INNOSPACE delayed the HANBIT-TLV launch from 2022-12-19 to 2022-12-20 and then delayed it again due to a technical issue.
Lynk Global, Inc. won the first-prize Mercedes-Benz car2space Challenge at INNOspace Masters in 2022.
INNOSPACE installed a portable Coalesced Launch System (CLS) at its Cheongju plant and performed verification of interface integrity and systems compatibility with the CLS and HANBIT-TLV on 2022-05-27.
INNOSPACE signed an agreement on 2022-05-03 with the Brazilian Department of Aerospace Science and Technology (DCTA) to carry the SISNAV inertial navigation system as a payload onboard HANBIT-TLV.
The HANBIT-TLV test launch was scheduled to take place in December 2022 from the Alcântara Launch Center in Brazil to verify the flight performance of a 15-ton-thrust single-stage hybrid engine developed by INNOSPACE.
Innospace is launching the Brazilian military payload in exchange for use of the Alcântara Space Center, which is operated by the Brazilian Air Force.
Innospace raised $19,700,000 in a Series B round in July 2021.
Innospace signed a memorandum of understanding with Norwegian Andøya Space in January to launch its rockets into polar and sun-synchronous orbits from Norway.
INNOSPACE signed an agreement with the Brazilian Department of Aerospace Science and Technology (DCTA) to launch the SISNAV payload.
Innospace raised $1,200,000 in a seed round that closed in October 2019.
Innospace raised $6,600,000 in a Series A round in January 2021.
Innospace has raised $27,760,000 (35.2 billion won) through three financing rounds.