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Rocket crashes shortly after launch in blow to Brazil’s space ambitions

Rocket crashes shortly after launch in blow to Brazil’s space ambitions

The incident also hit shares of South Korean satellite launch company Innospace

Brazil's burgeoning space ambitions have suffered a significant setback after the inaugural commercial rocket launch from its Alcantara Space Center ended in a crash shortly after liftoff.

The incident has also dealt a blow to shares of South Korean satellite launch company Innospace.

The rocket initially followed its planned vertical trajectory after taking off at 10:13 p.m. local time (0113 GMT). However, just 30 seconds into its flight, an unspecified malfunction caused the craft to fall to the ground, according to Innospace CEO Kim Soo-jong.

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