Rocket Launched by Korea’s Innospace Crashes; Shares Tumble

A South Korean rocket took off from Brazil’s Alcântara Launch Center, but fell and crashed into the ground almost immediately, the Brazilian Air Force said.

The Hanbit-Nano rocket from Innospace Co., a South Korean satellite launch service company, took off from the launchpad at 10:13 p.m. Brasilia time Monday, according to a livestream video of the launch.