[Featured Stock] Innospace Rises Over 4% on Expectations for Commercial Launch Next Year

The stock price of Innospace, which is expected to become the world's third commercial launch vehicle company through a satellite launch in July next year, is on the rise.

As of 3:02 PM on the 30th, Innospace was trading at 17,070 KRW, up 680 KRW (4.15%) from the previous trading day.

On the same day, Na-yeon Lee, a researcher at the Korea IR Association, said, "Innospace is the only private space launch vehicle company in Korea," adding, "They have developed a small launch vehicle using a hybrid fuel rocket, and compared to existing solid and liquid rockets, it shows advantages in terms of stability, performance, and efficiency. In particular, they have secured price competitiveness against competitors by reducing the cost of building fuel production facilities by more than 30%."

Meanwhile, Innospace recently announced that it has adjusted the launch schedule of its satellite launch vehicles 'Hanbit·Nano' from the originally planned March next year to July. The researcher said, "If the first commercial launch is successful, they will become the third global launch vehicle company. The launch roadmap is 5 launches next year, 12 in 2026, 16 in 2027, and 24 in 2028," adding, "If the first commercial launch in Brazil in July next year succeeds, there is a possibility that the order backlog will increase sharply. Due to the nature of the space industry, long-term interest is necessary."