Innospace

Innospace Hanbit-Nano "Spaceward" Fails at Alcântara — First Korean Private Orbital Attempt

South Korean startup Innospace launched its Hanbit-Nano rocket from Brazil's Alcântara Space Center on December 22, 2025 — the first-ever commercial orbital launch attempt by a South Korean private company, and the first commercial launch from Alcântara. The 17.3-metre, hybrid-propulsion rocket lifted off normally at 8:13 p.m. EST carrying eight payloads (five satellites, three hosted experiments) from customers in Brazil, India, and South Korea. Approximately 30 seconds into flight an anomaly occurred and the vehicle fell within the pre-designated safety zone with no injuries or ground damage. CEO Kim Soo-jong wrote to shareholders that critical flight data was gathered and that the company plans a second attempt in H1 2026. Innospace shares dropped 29% on December 23.