iRocket

Updated 25 Jul 2026
Launch provider United States Listed
1 Products
8 Years Active
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About iRocket

iRocket, also known as Innovative Rocket Technologies Inc., designs and manufactures next-generation reusable rockets. The company focuses on providing tactically responsive space capabilities, including commercial PNT (Positioning, Navigation, and Timing) solutions. They are developing a fully reusable small launch vehicle and have successfully launched their first Hydra 70. iRocket is performing on a $1.8 million TACFI and $18 million CRADA with the Department of Defense (DoD) for its patented reusable rockets. The company has signed a $640 million launch agreement with SpaceBelt KSA to deploy satellites for Saudi Arabia, supporting the development of secure, autonomous satellite infrastructure across Saudi Arabia and the Gulf. iRocket has appointed Chris Mignano as Vice President of Business Development & Manufacturing, focusing on propulsion, additive, and advanced manufacturing. The company is headquartered in New York, NY, and Los Angeles, CA, and manufactures in New York, NY. They are in the process of going public via a $400 million merger with Wilbur Ross-Backed BPGC Acquisition Corp. The Hon. Wilbur Ross is expected to join iRocket’s public company board.

Milestones

  • 2018 iRocket founded by Asad Malik
  • 2020 Phase II RAPID Other Transaction Agreement with U.S. Air Force
  • 2023 CRADA signed with AFRL to test reusable engine at Edwards AFB
  • 2023 TACFI contract with U.S. Space Force Space Systems Command
  • 2025 $640M multi-year launch agreement with SpaceBelt KSA
  • 2025 Announced $400M SPAC merger with Wilbur Ross-backed BPGC Acquisition Corp
  • 2025 First Hydra 70 solid rocket motor test launch

Products

1

Fully autonomous, two-stage, 100%-reusable launch vehicle targeting 300-1,500 kg payloads to LEO/GEO with 24-hour turnaround.

3 10

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