South Korean rocket startup Unastella has raised $24 million in Series B funding, bringing its total to $44 million. The company, which successfully launched its UNA EXPRESS-I rocket from South Korea in 2025, is developing small satellite launch vehicles using a kerosene and liquid oxygen propulsion system with an innovative electric motor pump design. While prioritizing cost-effectiveness over maximum payload capacity, Unastella aims to establish itself in the growing Asian space launch market.
Background
The global space launch market is experiencing increased competition as more countries and private companies enter the sector, traditionally dominated by US and Chinese players. South Korea has been actively developing its space capabilities, with both government and private sector initiatives.
- Source
- TechCrunch
- Published
- Jun 1, 2026 at 06:00 PM
- Score
- 6.0 / 10