INNOSPACE Secures Multi-Launch Service Contracts to Launch Italian and Thai Satellites

INNOSPACE Secures Multi-Launch Service Contracts to Launch Italian and Thai Satellites

INNOSPACE, a South Korean private spaceflight startup specializing in small satellite launch vehicles, announced that it has signed multi-launch service contracts for the ‘HANBIT’ small satellite launcher with two private satellite companies: CShark S.r.l. in Italy and EOS ORBIT in Thailand.

INNOSPACE has taken a step toward the commercialization of its space transportation business by securing two new launch service contracts for $1.5 million USD, following the agreements signed with four customers, including satellite companies and universities in Italy and Brazil, since October 2023.

Under the launch service contracts, INNOSPACE’s HANBIT launch vehicle will conduct commercial missions to deploy thirty-five satellites for CShark to their target orbits from 2025 to 2027, and one satellite for EOS ORBIT in 2025.

CShark designs Internet-of-Things (IoT) and satellite communication systems, offering customized software and hardware solutions. The company plans to accelerate commercialization by launching its designed and manufactured data collection satellite, PILOT-1, using INNOSPACE’s HANBIT rocket. Additionally, CShark aims to launch 100 more satellites over the next three years to collect IoT data worldwide.

EOS ORBIT is revolutionizing data services with advanced aerospace technology. This innovative Thai startup is developing the nation’s first aerial surveillance system and a state-of-the-art space-based IoT communication satellite. Their IoT communication satellite, LOGSATS 3U CubeSat, is set to launch for technical verification soon. By 2027, EOS ORBIT plans to deploy 10 low Earth orbit satellites, offering unparalleled real-time IoT data services across Thailand. Specializing in custom satellite solutions, EOS ORBIT meets the needs of business/government customers seeking cutting-edge technology.

The customers have chosen INNOSPACE as a partner for their upcoming business and has booked a HANBIT launch to ensure the timely deployment of their small satellites. In particular, the missions aim to deploy IoT communication satellites in low Earth orbit (LEO). It is significant that INNOSPACE has been recognized by customers for its differentiated competitiveness in the space market as a launch vehicle company capable of providing customized launch services.

“We are pleased to receive consecutive orders from global satellite companies. This achievement is due to the technological success demonstrated by the successful test launch of the ‘HANBIT-TLV’ in March 2023, which proved the rocket engine’s proprietary technology, system integration technology, and launch operation capabilities, all at a level capable of commercial launch services, thus earning recognition for its potential as a satellite launch service provider,” said Soojong Kim, founder and CEO of INNOSPACE.

“INNOSPACE is developing the ‘HANBIT’ based on hybrid rocket technology to provide low-cost, rapid launch services to meet customer orbit requirements. We aim to support customers worldwide who share its space vision and is committed to ensuring the reliable commercialization of space transportation,” added him.

Click here to learn about INNOSPACE's HANBIT-Nano space launch vehicle.

Publisher: SatNow

GNSS Constellations - A list of all GNSS satellites by constellations


Satellite NameOrbit Date
BeiDou-3 G4Geostationary Orbit (GEO)17 May, 2023
BeiDou-3 G2Geostationary Orbit (GEO)09 Mar, 2020
Compass-IGSO7Inclined Geosynchronous Orbit (IGSO)09 Feb, 2020
BeiDou-3 M19Medium Earth Orbit (MEO)16 Dec, 2019
BeiDou-3 M20Medium Earth Orbit (MEO)16 Dec, 2019
BeiDou-3 M21Medium Earth Orbit (MEO)23 Nov, 2019
BeiDou-3 M22Medium Earth Orbit (MEO)23 Nov, 2019
BeiDou-3 I3Inclined Geosynchronous Orbit (IGSO)04 Nov, 2019
BeiDou-3 M23Medium Earth Orbit (MEO)22 Sep, 2019
BeiDou-3 M24Medium Earth Orbit (MEO)22 Sep, 2019


Satellite NameOrbit Date
GSAT0223MEO - Near-Circular05 Dec, 2021
GSAT0224MEO - Near-Circular05 Dec, 2021
GSAT0219MEO - Near-Circular25 Jul, 2018
GSAT0220MEO - Near-Circular25 Jul, 2018
GSAT0221MEO - Near-Circular25 Jul, 2018
GSAT0222MEO - Near-Circular25 Jul, 2018
GSAT0215MEO - Near-Circular12 Dec, 2017
GSAT0216MEO - Near-Circular12 Dec, 2017
GSAT0217MEO - Near-Circular12 Dec, 2017
GSAT0218MEO - Near-Circular12 Dec, 2017


Satellite NameOrbit Date
Kosmos 2569--07 Aug, 2023
Kosmos 2564--28 Nov, 2022
Kosmos 2559--10 Oct, 2022
Kosmos 2557--07 Jul, 2022
Kosmos 2547--25 Oct, 2020
Kosmos 2545--16 Mar, 2020
Kosmos 2544--11 Dec, 2019
Kosmos 2534--27 May, 2019
Kosmos 2529--03 Nov, 2018
Kosmos 2527--16 Jun, 2018


Satellite NameOrbit Date
Navstar 82Medium Earth Orbit19 Jan, 2023
Navstar 81Medium Earth Orbit17 Jun, 2021
Navstar 78Medium Earth Orbit22 Aug, 2019
Navstar 77Medium Earth Orbit23 Dec, 2018
Navstar 76Medium Earth Orbit05 Feb, 2016
Navstar 75Medium Earth Orbit31 Oct, 2015
Navstar 74Medium Earth Orbit15 Jul, 2015
Navstar 73Medium Earth Orbit25 Mar, 2015
Navstar 72Medium Earth Orbit29 Oct, 2014
Navstar 71Medium Earth Orbit02 Aug, 2014


Satellite NameOrbit Date
NVS-01Geostationary Orbit (GEO)29 May, 2023
IRNSS-1IInclined Geosynchronous Orbit (IGSO)12 Apr, 2018
IRNSS-1HSub Geosynchronous Transfer Orbit (Sub-GTO)31 Aug, 2017
IRNSS-1GGeostationary Orbit (GEO)28 Apr, 2016
IRNSS-1FGeostationary Orbit (GEO)10 Mar, 2016
IRNSS-1EGeosynchronous Orbit (IGSO)20 Jan, 2016
IRNSS-1DInclined Geosynchronous Orbit (IGSO)28 Mar, 2015
IRNSS-1CGeostationary Orbit (GEO)16 Oct, 2014
IRNSS-1BInclined Geosynchronous Orbit (IGSO)04 Apr, 2014
IRNSS-1AInclined Geosynchronous Orbit (IGSO)01 Jul, 2013