South Korea issues launch license to Korean rocket startup Innospace

Engineering test prototype during tests
Engineering prototype of Hanbit-Nano testing portable
launchpad. Click for original image.

The South Korea Aerospace Administration (KASA) today issued its first launch license for a private South Korean rocket company, clearing the way for the first launch Innospace’s Hanbit-Nano rocket in the next few weeks from Brazil’s Alcantera spaceport.

For the launch, Innospace has set a launch window from Oct. 28 to Nov. 28. The launch window refers to the period during which the actual launch can take place. Initially, it was set for Oct. 28 to Nov. 7, but was extended to Nov. 28 after coordinating launch inspection procedures, mission stability and joint operation schedules with the Brazilian Air Force.

Innospace said the upcoming launch will also mark the first commercial vehicle launch from a Brazilian space center, adding that Brazilian authorities have provided active support to ensure optimal conditions and a stable launch. While the launch site is operated by the Brazilian Air Force, Innospace will use its own independently built launch platform for the mission.

The rocket will carry five smallsats and three other payloads, one of which is from a South Korean beer company.

If successful, Innospace will become the first commercial rocket startup outside the U.S. to get to orbit, excluding the pseudo-companies in China. The launch will also re-open Brazil’s long abandoned Alcantera spaceport, off of its northeast coast. Used only a few times in the 1990s and then shut down when the Brazilian government abandoned its rocket program, Brazil has been trying to get commercial rocket companies to come there now for about five years, with little success.

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The three launches completed today including two major new achievements

The beat goes on: There were three launches globally today, repeating a pattern we’ve seen several times in the past few weeks, with China completing one launch and SpaceX completing two.

First, China’s solid-fueled Kinetica-1 (Lijian-1) rocket placed three Pakistani satellites into orbit, one of which is what Pakistan’s state-run press claimed was its first multi-spectral environmental satellite. China’s press also provided no information about where Kinetica-1’s lower stages crashed inside China, having launched from its Jiuquan spaceport in the country’s northwest. The rocket itself is supposedly commercial, but it is built by a government agency, the Chinese Academy of Sciences, and the government state-run press illustrated this by making no mention of this agency in reporting the launch.

Next, SpaceX set a new record for the reuse of a Falcon 9 first stage in placing 28 Starlink satellites into orbit, the rocket lifting off from Cape Canaveral in Florida. The first stage, B1067, completed its 31st flight, a new record for a Falcon 9 first stage, landing on a drone ship in the Atlantic. The updated rankings for the most reflights of a rocket:

39 Discovery space shuttle
33 Atlantis space shuttle
31 Falcon 9 booster B1067
29 Falcon 9 booster B1071
28 Columbia space shuttle
28 Falcon 9 booster B1063
27 Falcon 9 booster B1069

Sources here and here.

Finally, less than two hours later, SpaceX launched another 28 Starlink satellites, its Falcon 9 rocket lifting off from Vandenberg Space Force Base in California. The first stage completed its 11th flight, landing on a drone ship in the Pacific.

With these two launches, SpaceX has now placed more than 10,000 Starlink satellites into orbit, though a large percentage have been de-orbited over the years as the company has upgraded the satellites. Nonetheless, the number of Starlink satellites presently in orbit far exceeds all the satellites now in orbit for every other planned constellation, combined.

The leaders in the 2025 launch race:

135 SpaceX
63 China
13 Russia
13 Rocket Lab

SpaceX now leads the rest of the world in successful launches, 135 to 104.

In the coming days the global rocket industry will also achieve a number of additional milestones. SpaceX is just two launches short of its record of 137 launches achieved last year, while the U.S. is just three launches short of its own record of 157 launches, also set last year. Similarly, China is just three launches short of its own record of 66 set in 2023.

Globally, the world has presently completed 239 successful launches in 2025, a number only exceeded by the 2024 record of 256. Expect this record also to fall before the end of the year.

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ESA awards contract to Italian company to provide an ocean landing platform

Avio's proposed reusable upper stage
Click for original.

The European Space Agency (ESA) has awarded the Italian company Ingegneria Dei Sistemi (IDS) a contract to build an ocean vessel for recovering the planned reusable test upper stage being built by the Italian rocket company Avio, as shown in the graphic to the right.

In late September, ESA awarded a €40 million contract to Avio for the design of a reusable rocket upper stage. The project scope encompasses preliminary design work, including system requirements and technological solutions, for both the launch system and the ground segment. According to the agency, the project has a number of potential applications, including as an evolution of Avio’s Vega family of rockets.

On 15 October, IDS announced that it had been awarded the contract to design the project’s recovery vessel, which falls under the systems ground segment. The company has subcontracted Italian naval systems consultancy Cetena and Norwegian shipbuilder Vard to assist with the project.

ESA very clearly is trying to encourage the development of reusable rockets by Europe’s private sector, but the nature of this particular program seems badly thought out. Rather than have Avio design the system in its entirety, in order to make it as efficient and profitable as possible, it appears ESA is micromanaging the design process, and thus bringing other subcontractors in who are outside Avio’s control. As a result, the final demo might work, but it is not likely it will be competitive with the private reusable rockets being built in the U.S. and elsewhere. Too many cooks in the kitchen.

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South African red tape will likely delay Starlink there for years to come

According to an article in South Africa yesterday, regulatory red tape and political demands in South Africa will likely block approval of Starlink in that country for years to come, if not forever.

Minister of Communications and Digital Technologies Solly Malatsi gazetted a draft policy direction on the role of EEIPs [Equity Equivalent Investment Programme] in the Information and Communication Technologies (ICT) sector on 23 May 2025. He explained that rules requiring electronic communications service providers to have 30% historically disadvantaged ownership prevented some companies from contributing to the country’s transformation in ways other than traditional ownership.

The Broad-Based Black Economic Empowerment (B-BBEE) Act and the ICT Sector Code supported the use of EEIPs to allow qualifying multinationals to meet empowerment obligations through alternatives. These can include investing in local suppliers, enterprise and skills development, job creation, infrastructure support, research and innovation, digital inclusion initiatives, and funding for small businesses.

However, the Independent Communications Authority of South Africa’s (Icasa) ownership regulations do not provide for EEIPs.

In other words, the laws contradict each other, and to make it possible to issue any licenses for a foreign company like SpaceX, the government needs to resolve this conflict. That is expected to take years of political maneuvering.

Even if this issue is resolved, SpaceX has already said it would not agree to the racial quota system proposed. It has offered to instead provide Starlink for free to 5,000 schools. It is not clear if politicians in South Africa will consider that sufficient.

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Thailand studying feasibility of establishing its own commercial spaceport

Thailand
Click for source.

Thailand’s government has begun a study to find out whether it makes financial and technical sense to establish its own commercial spaceport in that country.

The Geo-Informatics and Space Technology Development Agency (Public Organisation), or GISTDA, organised a seminar titled “Thailand’s Future Opportunities for Spaceport Development” on October 15 at iConsiam. The seminar aimed to establish a platform for exchanging views and gathering suggestions from all sectors regarding the future of a “Spaceport” in Thailand, underscoring a critical juncture for the country to elevate its presence on the global space stage fully.

Pakorn Apaphant, GISTDA Director, revealed that GISTDA is currently conducting a feasibility study for establishing a Spaceport in Thailand, in collaboration with the business consulting firm KPMG Phoomchai Business Advisory Ltd. The comprehensive study covers economic aspects, business strategy, environmental and social impacts, as well as a nationwide survey of potential sites to evaluate the most suitable location for future development.

As the map to the right shows, Thailand’s geography is not perfect. It has plenty of coast, in the country’s south, but at any location the trajectory of most launches would almost have to cross land of Thailand or other countries. Nonetheless, with the advent of reusable lower stages, such considerations will eventually become less of a concern.

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Three launches since yesterday

The beat goes on. Since yesterday there were three launches, one by China and two by SpaceX.

First, China’s Long March 8A rocket placed the twelfth set of satellites in the Guowang internet constellation, eventually aiming to be 13,000 satellites strong. China’s state-run press did not specify the exact number of satellites. Based on previous launches using the Long March 8A, the number was likely nine, bringing the number of this constellation’s satellites now in orbit to 96.

The launch was from China’s coastal Wenchang spaceport, and had a flight path that dumped the lower stages of the rocket near islands in the Philippines.

Next, SpaceX placed 21 satellites into orbit for the Pentagon, its Falcon 9 rocket lifting off from Vandenberg in California. This was the second launched by SpaceX for this military communication constellation, dubbed Tranche-1, intended to be 158 satellites total. The first stage completed its seventh flight, landing on a drone ship in the Pacific. The fairing halves completed their third and fourth flights respectively.

Finally, SpaceX launched another 28 Starlink satellites, its Falcon 9 rocket lifting off from Cape Canaveral in Florida. The first stage completed its third flight, landing on a drone ship in the Atlantic.

The leaders in the 2025 launch race:

133 SpaceX
61 China
13 Russia
13 Rocket Lab

SpaceX now leads the rest of the world in successful launches, 133 to 102.

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Indian rocket startup Skyroot hires Exolaunch to handle satellite integration and deployment

The Indian rocket startup Skyroot yesterday signed a partnership agreement with the company Exolaunch to handle the integration and deployment of satellites once its Vikram smallsat rocket begins launching.

Through this agreement, Exolaunch will integrate and deploy customer satellites on Skyroot’s Vikram series of launch vehicles, beginning with the Vikram-1 orbital missions. Exolaunch will provide its flight-proven deployment technologies for Skyroot customers across dedicated and rideshare launches. The partnership also includes the use of Exolaunch’s EXOtube payload stacks, designed to optimize multi-payload rideshare configurations, streamline constellation launches, increase mission flexibility, and enhance vehicle utilization.

While Skyroot has not yet launched, Exolaunch is very well established, having “a decade of flight heritage and 582 satellites launched across 39 missions to date.” Since Skyroot has no experience yet in these matters, having Exolaunch do it makes satellite companies more likely to buy space on its rocket.

Until recently Skyroot had been targeting a first launch before the end of this year. That schedule has now changed. According to the company’s webpage, that first launch is now scheduled sometime in 2026.

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New Morgan Stanley report reflects Wall Street’s generally optimistic view of Rocket Lab

Rocket Lab's stock in 2025
Click for source.

Though Rocket Lab is still not in the black, a new positive analysis of the company this week from Morgan Stanley reflects Wall Street’s generally optimistic view of Rocket Lab during the past year.

Rocket Lab (NASDAQ:RKLB) had its price target raised by equities researchers at Morgan Stanley from $20.00 to $68.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the rocket manufacturer’s stock. Morgan Stanley’s price target would suggest a potential upside of 1.63% from the company’s current price.

The article at the link also notes that Morgan Stanley is not alone in giving Rocket Lab a positive report, and in fact in the past year it shows that the recommendations from many analysts to buy its stock have risen considerably. These positive reviews have been reflected in a steady rise in the company’s stock price in 2025, as shown by the graph on the right.

Nor are these reports written in a vacuum. In recent weeks Rocket Lab has signed a bunch of new launch contracts, some extending deals with old customers, some with new customers of some note.

Buying the stock of a startup like Rocket Lab always carries risk, but it appears Wall Street is beginning to see the future of this particular startup as very promising.

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Orbital tug startup Impulse Space to develop its own unmanned lunar lander

Impulse's tug and proposed lunar lander
Click for original image.

The orbital tug startup Impulse Space, founded by Tom Mueller (one of SpaceX’s first engineers), is now proposing to build its own unmanned lunar lander, with a target for delivering six tons of cargo on two missions, starting in 2028.

Our proposed architecture combines our existing Helios kick stage and a new lunar lander, to be developed by our team in-house. Helios would launch on a standard medium- or heavy-lift rocket. Our lunar lander would ride as a payload on Helios. Once Helios and the lander are deployed in Low Earth Orbit (LEO), Helios serves as a cruise stage, transporting the lander to low lunar orbit within one week. The lunar lander then separates from Helios and descends to the surface of the Moon. By taking advantage of Helios’s high delta-v capabilities, this mission architecture doesn’t require in-space refueling.

This solution can bridge the existing cargo delivery gap by offering direct transportation of the necessary mass to kickstart infrastructure, resource utilization, and economic activities on the Moon. We’ve already begun engine development for our lunar lander solution, and we stand ready to execute as dictated by industry demand and interest.

With this Helios and Impulse-made lander combination, we estimate delivering up to 6 tons of payload mass to the Moon (across two missions) per year starting in 2028 at a cost-effective price point. Each Helios + lander combo would take approximately 3 tons of cargo to the Moon.

It appears the company has identified a need (transporting cargo to the Moon cheaply and quickly) that no one (including NASA) is presently considering. SpaceX will be able to do it with Starship. Blue Origin is also proposing to do it with various versions of its Blue Moon manned lander. Impulse has decided however that both of those spacecraft are too large and tied to SLS and Lunar Gateway, with Starship requiring refueling, that makes their cargo missions more costly than a direct mission. Impulse proposes a simpler option.

This decision is also another indication that the demand for low orbital tugs is not developing as expected. It appears satellite companies and the available rocket companies have worked out ways to get most of their satellites to the orbits they require without tugs.

It will be interesting to watch if this proposal gains traction. If it does, than it will likely encourage other orbital tug as well as the other lunar lander companies to propose their own alternatives.

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