A Japanese rocket exploded shortly after take-off on Saturday, giving a major setback to the country's ambition to send its first privately-supported rocket into space.
The MOMO-2 missile launched at 5:30 am local time (4:30 pm ET Friday) from a test site in Taiki, South Hokkaido. 
The rocket was equipped with observation equipment and the launch was to bring it to a height of more than 100 kilometers (62 [19659002HoweverTVfootageshowedthatthe10-meterrocketdetachedbeforeplummetingoverthelaunchpadandwentupinflames
While no injuries were reported, the incident hit a blow to Japan's plans, one In July of last year, engineers lost contact about a minute after the launch of another rocket.
Interstellar Technologies, the company that developed both missiles, said it would be despite the hitherto encountered problems Continue development program
The company was founded in 2013 by Takafumi Horie, d em Creator of Popular Internet Service Providers Livedoor, a Website Design Company That Became an Online Portal  Horie played a major role in modernizing the Japanese economy between the late 1990s and early 2000s, however, became 2006 arrested and sentenced to two years and six months in prison for accountability fraud.
His privately-sponsored efforts to create a space exploration program have so far not reached the results of the government-run Japan Aerospace Exploration Agency.