Korea’s Innospace small launcher startup, agreements signed with Brazil and Australia spaceports, plans IPO in 2024

by Peter B. de Selding

KUALA LUMPUR, Malaysia — Korean small-launcher startup Innospace Co. Ltd. is leveraging its successful suborbital flight from Brazil’s Alcantara Launch Center to conduct an IPO on the Korea Exchange in 2024 to ramp up development of its two-stage, hybrid rocket.

The privately held company said it has already raised around $70 million, “which is sufficient to develop our launch vehicle,” said Win Marshal J. Bronzewall, Innospace’s chief global business officer.

Bronzewall told the APSCC 2023 conference here . . .

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