The demand for the economic and dedicated space launchers for vast amount of lightweight, so-called nano-/microsatellites, is now growing rapidly. There is a strong rationale for the usage of the hybrid propulsion for economic space launch as suggested by the assessment conducted here. A typical concept of development of such an economic three-stage launcher, in which clustering unit hybrid rocket engines are employed, is described with a development scenario. Thanks to the benefits of hybrid rocket propulsion, assuring and safe, economic launcher dedicated to lightweight satellites can be developed with a reasonable amount of quality assurance and quality control actions being taken in all aspects of development such as raw material, production, transportation, storage, and operation. By applying a multi-objective optimization technique for such a launch system, examples of possible launch systems are obtained for a typical mission scenario for the launch of lightweight satellites. Furthermore, some important technologies that contribute strongly to economic space launch by hybrid propulsion are described. They are the behavior of fuel regression rate, the swirling-oxidizer-flow-type hybrid rocket, the liquid oxygen vaporization, the multi-section swirl injection, the low-temperature melting point thermoplastic fuel, the thrust and O/F simultaneous control by altering-intensity swirl-oxidizer-flow-type (A-SOFT) hybrid, the numerical simulations of the internal ballistics, and so on.