J-Space has contracted Virgin Orbit to develop a South Korean launch site plan, paving the path for expanded space markets and new investor opportunities in South Korea and the surrounding region.

LONG BEACH, Calif. and SEOUL, South Korea, August 09, 2022 (Virgin Orbit PR) — 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.