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The global launch market reached $14.1 billion in 2024 — up 34% since 2021.
| Attribute | Nuri (KSLV-II) 🇰🇷 South Korea Trust: Operator-primaryⓘ Last verified Active · Last updated 2026-06-01Remove × | Electron 🇳🇿 New Zealand / USA Trust: Agency-primaryⓘ Last verified Active · Last updated 2026-06-01Remove × | |
|---|---|---|---|
| Company | KARI / Hanwha Aerospace | Rocket Lab | CASC / CALT |
| Country | 🇰🇷 South Korea | 🇳🇿 New Zealand / USA | 🇨🇳 China |
| Status | Active | Active | Active |
| Vehicle class | Medium | Small | Heavy |
| Propellant | RP-1 / LOX (KRE-075 engines all stages) | RP-1 / LOX | UDMH/N₂O₄ (stages 1–2) + LH₂/LOX (stage 3 YF-75) |
| Reusable | No | Yes | No |
| Stages | 3 | 2 | 3 |
| First flight | 2021 | 2017 | 1996 |
| Payload to LEO | 2,600 kgas of [1]600 km SSO target orbit | 300 kgas of [1]~200 kg reusable mode (lower due to propellant reserved for re-entry burn) | 11,200 kgas of [1] ↑ Best |
| Payload to GTO | — | — | 5,500 kgas of [1]With 4 strap-on liquid boosters (CZ-3B/E enhanced variant) ↑ Best |
| Height | 47.2 mas of [1] | 18 mas of [1] | 54.84 mas of [1] ↑ Best |
| Liftoff mass | 200 tas of [1] | 13 tas of [1] | 426 tas of [1]Enhanced variant with 4 liquid strap-on boosters ↑ Best |
| Success rate | 75%as of [2]3/4 full successes: TF1 (Oct 2021) partial, TF2 (Jun 2022) success, TF3 (May 2023) success, TF4 (Nov 27, 2025 — first Hanwha-led production launch) success | 95.4%as of [2]83/87 orbital successes; 21/21 success rate in 2025 calendar year per Rocket Lab investor release ↑ Best | ~95%as of [2]~6 failures/partial failures out of ~105+ flights; gradually being superseded by Long March 5 for GTO |
| Total flights | 4as of [2] | 87as of [2] | ~105as of [2] ↑ Best |
| Cost / kg LEO | — | ~$25,000/kgas of [1]Based on ~$7.5M list price / 300 kg payload ↓ Cheapest | — |
| Summary | South Korea's first domestically developed and produced launch vehicle, designed entirely without foreign engine technology. Nuri TF4 (Nov 2025) was the first launch managed by Hanwha Aerospace rather than KARI — marking the transition to commercial operation. KASA (Korea Aerospace Administration) took over programme oversight in 2024. | The world's most commercially active small launch vehicle, designed and built in-house at Rocket Lab. Rutherford engines are the first flight-proven engines made with additive manufacturing (metal 3D printing). Booster recovery via parachute and helicopter catch (later transitioned to ocean recovery). | China's primary geostationary transfer vehicle for over 25 years. Launched communications, meteorology, and navigation satellites including Beidou-3 (GEO/IGSO nodes). Being phased out in favour of Long March 5 for heavier GTO payloads as newer domestic communications satellites grow in mass. |
28 launch vehicles across 10 countries — active, retired, and in development — with primary-source citations from manufacturer user guides and agency press kits. Pure URL state: bookmark or share the link and the comparison reproduces exactly.