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NewSpace Index

Concise original overview of commercial satellite constellations,
small satellite rocket launchers and NewSpace funding options.
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INNOSPACE - Hanbit-Nano HyPER

Launcher name	Hanbit-Nano HyPER
Launcher state	Development
First launch	2025
Launch delay	First announced launch: 2022
Performance	90 kg
Propellant type	Hybrid, Paraffin
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Photo sources	[1]

Logo
Entity name	INNOSPACE
Oneliner	A space mobility innovator using hybrid rocket technology and optimized smallsat launch solutions.
Notes	HANBIT-Micro with 150 kg capacity and HANBIT-Mini with 500 kg payload to 500 km SSO orbit are also being planned. South Korean rocket startup Innospace successfully launched a suborbital rocket from Brazil over the weekend, demonstrating a hybrid motor it plans to scale up into a small orbital launch vehicle. The launch of Innospace’s HANBIT-TLV suborbital rocket took place March 19 from the Alcântara Space Center, and the company called the flight a success, although it did not disclose the rocket’s peak altitude. Apogeo Space partnered with INNOSPACE for 3 Low Earth Orbit (LEO) launches from 2025 to 2027. Innospace announced on 2024 March 21 that it had an order backlog worth $12.51 million (about 16.65 billion won). INNOSPACE unveils new HANBIT lineup, expanding its engine portfolio, May 2024. Hanbit-Micro Hanbit-Mini UAE Space Agency and INNOSPACE Sign Memorandum of Understanding (MoU) to Strengthen Cooperation in Space Commercialization, 2024-06-02. Hanbit-Nano: The second stage operates the hybrid engine ‘HyPER’ and the methane engine ‘LiMER’ depending on the launch mission.
Funding	$42.1M+
Location	South Korea
Founded	2017
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Last modified: 2024-06-03

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