Brazil’s First Commercial Rocket Crashes Shortly After Launch

Brazil’s first commercial rocket suffered an accident immediately after its launch.

The rocket began its vertical ascent but fell back to the ground just 30 seconds into the flight.

Fortunately, it landed within the designated safety zone, and “no one was injured” during the mishap. However, the incident caused a significant market impact, as shares of the South Korean satellite launch company involved fell by 29%.

The launch was conducted in collaboration with a South Korean satellite launch firm, marking a high-profile international partnership despite the early failure of the mission.

Authorities are investigating the cause of the accident, while analysts note the setback may affect investor confidence in the emerging commercial space sector in Brazil.