Innospace, Successful KOSDAQ Listing, Poised to Lead Private Space Launch Vehicle Industry

 

 

 

South Korea's private space launch vehicle startup Innospace successfully listed on the KOSDAQ market on July 2, marking a new turning point in the domestic space industry.

The listing ceremony held at the Korea Exchange building in Yeongdeungpo-gu, Seoul, was attended by key executives including Innospace CEO Kim Soo-jong, Head of Research and Development Jung Hoon, and Head of Management Support Kim Chan-jung, along with representatives from Mirae Asset Securities.

Innospace plans to invest the funds raised from this listing in expanding its production capabilities for launch vehicles, enhancing research and development for lightweight and reusable launch vehicles, securing overseas market channels, and attracting top talent.

Through these efforts, the company aims to strengthen its operational base for launch vehicles and expand into various business fields.

CEO Kim Soo-jong stated, "Successfully entering the KOSDAQ market sets a new milestone in the domestic private space launch vehicle industry. Moving forward, Innospace will accelerate the development of space launch vehicles with the goal of early market entry and provide stable launch services centered on customer needs, growing into a competitive company in the global space market."

Innospace received significant market interest during its public offering subscription for general investors held from June 20 to 21, recording a high competition rate of 1150.7:1.

Approximately KRW 8.2836 trillion in subscription deposits were collected, reflecting high investor expectations for Innospace's future growth potential.

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Innospace, Successful KOSDAQ Listing, Poised to Lead Private Space Launch Vehicle Industry