It exists, and it seems to be tumbling out of control. I have to say I’m more surprised by the former than the latter. Of course, it’s actually easier to orbit a satellite than it is to deliver a warhead on target, as long as you’re not fussy about how precise the orbit insertion is.
And on an unrelated grammar note:
Russia added its voice to the condemnation of the launch and also called on other nations to refrain from further escalating tensions.
“The new rocket launch carried out by North Korea flaunts the opinion of the international community, including calls from the Russian side,” it said.