Daily Markup

Daily Markup #1094: Gilmour Space teams up with ‘Korea’s answer to SpaceX’ to explore new opportunities in space

October 14, 2024 · 1 min read
Photo credit: Space & Defense

 Bilateral business

  • 500-backed Australian rocket company Gilmour Space Technologies is joining hands with South Korea’s Hanwha Aerospace Co.!
  • Hanwha, dubbed ‘Korea’s answer to Elon Musk’s SpaceX’, will work with Gilmour Space to explore ways to utilize local launch sites in Australia, promote exchanges between the two countries in the space industry, and discover new space business opportunities.
  • The partnership is poised to enhance the capabilities of both companies, particularly in the realm of low-orbit satellites, which are crucial for communication, earth observation, and disaster management.
  • Gilmour Space owns the Bowen Space Launch Complex, where preparations are underway for their first commercial launch.
  • Read the full story here.
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