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The company is investigating the exact cause of the June 30 failure, which saw the 33-foot (10-meter) tall MOMO-2 lift off from a test site near the town of Taiki on Japan’s island of Hokkaido before crashing to the ground seconds later after it lost thrust. “The cause of the MOMO-2 failure is still under investigation,” Takahiro Inagawa, IST’s CEO, told Astrowatch.net. “However, we assume that its engine and hot-gas thruster for the roll control are responsible.
They say they are proceeding toward their third launch attempt.
[A]lthough the exact date of the launch has not been disclosed, Inagawa said that MOMO-3’s flight should be expected within months. “We will begin the next launch as soon as we are ready,” Inagawa said. “We were able to launch MOMO-2 within less than a year after MOMO-1. The launch interval of MOMO-3 and MOMO-2 will be shorter.”
I have embedded the video of the launch failure below the fold. You do want to view this. Trust me.