Space & Satellite Professionals International to Honor Asad Malik at Annual Future Leaders Dinner in Mountain View, California

New Hyde Park, NY – Sept. 12, 2023 — Asad Malik, Founder, CEO and Chairman of the Board of Innovative Rocket Technologies Inc. (iRocket), was named as one of 20 young space professionals expected to have a profound impact on the industry, by the Space & Satellite Professionals International (SSPI) organization.  Asad was recognized for his outstanding work to develop a new launcher and establish a rocket company which addresses the industry’s need for faster, more frequent, and less costly access to space.

“Establishing a company and getting support from the U.S. Air Force Space Systems Command and the U.S. Space Force is a huge career accomplishment at any age and even more so for someone so young,” said Robert Bell, Executive Director, SSPI. “Every year it is my honor to celebrate and introduce to the industry 20 amazing young people who were selected for their achievements and future potential.”

The company that Asad founded four years ago is transforming how launch vehicles are powered with clean, sustainable propellant and 24-hour turnaround launch cycles. He plans to contribute to closing the “digital divide” by transporting small satellite payloads to low earth orbit (LEO) for the Internet of Things (IoT), 5G high-speed internet, online education, biotech research, and National security. iRocket also plans to provide point to point cargo delivery service, which can be used for national security and humanitarian missions in the case of either man made or natural disasters.

Among Asad’s many achievements, in June of this year, iRocket announced that it signed a TACFI contract with the U.S. Space Force Space Systems Command (SSC) to further develop its rocket engine. Under the contract the company will perform a full-duration static fire test for 120-180 seconds to demonstrate its 37,000 lbs. thrust using a combination of liquid oxygen (LOX) and methane fuel.

Then in early August, building on this momentum, the company announced a cooperative research and development agreement (CRADA) with The Air Force Research Laboratory (AFRL) West, which provides iRocket with resources, expertise and site facility support to conduct propulsion, stage, and potentially grasshopper testing at the High Thrust Research Facility at Edwards Air Force Base, one of only four stands in the United States capable of 10 million pounds of thrust.

The prestigious 20 under 35 cohort will be celebrated at the Future Leaders Celebration on October 18th, in conjunction with Silicon Valley Space Week organized by Satnews Events in Mountain View, California. Among several industry leaders who endorsed Asad’s nomination, former U.S. Army General, Stephen R. Lyons said, “Throughout my career in the military, I have worked with many gifted engineers and entrepreneurs and Asad clearly stands among the best. His new and ingenious technology has the potential to transform the space industry at a time when Defense and Commercial requirements demand smaller, low-cost, and responsive launch capabilities.”

About iRocket

iRocket is revolutionizing the space industry as the first fully autonomous and 100% reusable rocket manufacturer. Backed by some on the world’s amazing investors, iRocket’s mission is to make access to space affordable and help close the “digital divide” by building the next generation of rockets focused on reusability 2.0 that will help transport thousands of small satellites to Low Earth Orbit (LEO), that will shape the future of autonomous vehicles, Telemedicine, 5G High-Speed Internet, The Internet of things (IoT), National Security and online education. Utilizing cutting-edge 3D printing and additive manufacturing technology, we’re dedicated to providing reliable and rapid access to space at a low cost. Our innovative design addresses the inefficiencies in the industry, while our proprietary reusable engine technology positions us as the leading small launch service provider. Join us on our journey to bring rocketry into the 21st century. For more about iRocket, visit us at and follow us on LinkedIn @iRocket, Asad Malik, and Twitter at @iRocketUSA, @innovasad

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