J-Space Partners With Virgin Orbit to Bring Sovereign Air-Launch Capability to South Korea

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Aug 09, 2022

Virgin Orbit (Nasdaq: VORB), a leading launch provider, announced today that it has signed an agreement with South Korean investment group J-Space. The agreement will allow the companies to assess candidate spaceport launch sites in South Korea, with the goal of providing satellite launch services from there using Virgin Orbit’s LauncherOne System. The cooperative effort is designed to act as a catalyst to the burgeoning Korean small satellite and space solutions market, stimulate local economic growth, and provide the South Korean government with a flexible and responsive launch capability in support of a wide range of mission applications.