VSOP and ground-based VLBI observations of Markarian 421

We have produced 22 VLBI images of the TeV blazar Markarian 421 at 11 epochs, including a Space VLBI observation with the HALCA satellite. We measure the speeds of the three innermost jet components to be 0.64±0.33, 0.48±0.09, and 0.06±0.09c (H₀=65 km s⁻¹ Mpc⁻¹). Interpretation of these subluminal speeds in terms of the high Doppler factor demanded by the TeV observations is discussed.