[2][3] In June 2024, the company signed a launch service contract with Italy's CShark S.r.l.
and Thailand's EOS Orbit for the small satellite launch vehicle HANIT.
Under this contract, Innospace will perform commercial launch missions to place 35 CShark's satellites into target orbit over a three-year period starting in 2025 and one EOS Orbit's satellite starting in 2025.
[4] On 21 March 2023, the company launched it's HANBIT-TLV single-stage thrust hybrid suborbital rocket from the Alcantara Space Center in Brazil.
[5][6] This was the first space vehicle launch by the South Korea’s private sector.