August 17, 2023 – Equatorial Launch Australia (ELA) has today signed a multi-year, multi-launch contract with Korean aerospace company, INNOSPACE, for a series of orbital launches from the Australian spaceport. The agreement will see the launch of several INNOSPACE rocket variants each carrying between 50kg and 500kg payloads into low earth orbit from the ASC across a five-year timeframe until Dec 2028. ELA is widely regarded as the most advanced multi-user commercial spaceport in the world, and the signing of this contract has validated the business concept and development plans by securing INNOSPACE – the only hybrid-fuelled rocket company worldwide to have successfully launched into space – as the first commercial company to become a ‘resident launcher’ (long term tenant and regular launcher) at the Australian spaceport. The first launches by INNOSPACE from the ASC are expected to commence in early 2025. ELA previously had a three-launch contract with NASA. ELA has been working with the Australian Space Agency (ASA) to expand its existing Launch Facilities Licence (LFL) to support orbital launches from the ASC with a range of orbital rockets, differing azimuths and trajectories and a much wider array of propellant mixes and rocket configurations as part of its Phase 2 Development Plan. This work with the ASA will now expand to assist INNOSPACE to obtain its first Australian Launch Permit (ALP). This ALP approval process is expected to take between 6 and 14 months commencing later his year.