Satellite with 50 kg payload placed into orbit 750 kilometres above Earth's surface
Capsule reached an altitude of 130 km (80 miles) on Wednesday
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JAXA said the rocket took off from Tanegashima Space Center in Japan as planned and successfully released SLIM
New launch site gives SpaceX more room to handle launch schedule for commercial, government and internal satellites
SpaceX acknowledged that several of the Super Heavy's 33 powerful Raport engines malfunctioned on ascent
Expects to cut cost of launch by 50%
Firefly Aerospace reached orbit for the first time hitting a crucial milestone that kick-starts its launch business