South Korean launch services company INNOSPACE has signed a memorandum of understanding (MoU) with Indian space technology startup Grahaa Space to cooperate on multi-launch services, the companies said.
The MoU signing ceremony took place at the Korea-India Space Day event in Bengaluru, jointly hosted by the Korea AeroSpace Administration (KASA) and the Indian National Space Promotion and Authorization Center (IN-SPACe).
INNOSPACE said the agreement follows the first commercial launch attempt of its HANBIT-Nano vehicle in December 2025. Grahaa Space participated in that mission as a satellite customer, which ended unsuccessfully during INNOSPACE’s inaugural launch mission, SPACEWARD.
According to the statement, the new agreement aims to move beyond a single launch mission and establish a customer-tailored multi-launch operational framework intended to respond to customer launch demand, orbital requirements, and scheduling.
The companies said the multi-launch approach is intended to secure multiple launch opportunities to reduce the impact of schedule delays and technical variables, and to improve mission reliability and predictability, as they seek to expand in the global small satellite market.
“Based on our experience with the SPACEWARD mission last year, we retain strong confidence in the technical capabilities and responsiveness of the INNOSPACE team, notwithstanding the anomaly encountered. Space missions are inherently complex, and the true measure of a partnership lies in the ability to understand these challenges, learn collaboratively from each mission, and remain steadfast in the face of temporary setbacks. This MoU for multi-launch cooperation is the result of sustained engagement and our recognition of INNOSPACE’s commitment to rapid iteration, underpinned by a clear long-term vision. We are confident that this partnership embodies a shared emphasis on reliability, transparency, and continuous improvement as we advance our nanosatellite roadmap,” said Ramesh Kumar V, Co-Founder & CEO of Grahaa Space.
“This MoU is meaningful in that it represents an expansion of our cooperation with a customer that participated in our first launch mission and recognized both our technological capabilities and service quality. Through repeated launch opportunities, we will continue to demonstrate the reliability of our launch vehicle and grow as a trusted partner for global satellite customers by providing launch services that align closely with customer needs,” said Soojong Kim, Founder and CEO of INNOSPACE.
“The multi-launch service model can offer customers both greater schedule flexibility and cost efficiency, making it a differentiated service for the small satellite market going forward. We will continue to strengthen our mission-oriented launch service capabilities and further enhance our competitiveness in the global market,” he added.
