Space One, a Japanese private launch services provider, suffered a setback during its inaugural rocket launch as the rocket, KAIROS, exploded midair a few seconds after liftoff. The Company aimed to be the first private Japanese outfit to launch a satellite into Orbit, launching the ill-fated rocket from a new space facility in Kushimoto, Wakayama Prefecture. The rocket carried a small intelligence satellite for the Japanese Government, which it planned to insert into orbit about 500 km above the Earth's surface.