Founded in 2018, Innovative Rocket Technologies (iRocket) develops fully reusable launch vehicles and propulsion systems for commercial and national-security missions. Its Shockwave vehicle is designed to recover and reuse every stage, while the company also develops solid rocket motors and recently demonstrated its Hydra 70 in a 30-day design-to-launch cycle. Founder, chairman and CEO Asad Malik leads the company, which works with the U.S. Space Force, Air Force Research Laboratory and other government partners.