Skyroot Aerospace, India's leading private space launch company, is preparing for its first orbital test flight of the Vikram-1 rocket within months. The company recently raised $60 million at a $1.1 billion valuation, signaling strong investor confidence in India's emerging private space sector. This development follows India's 2020 decision to open its space industry to private companies, inspired by commercial space successes in the US and China.
Background
In 2020, India opened its space sector to private companies, allowing them to build and launch their own rockets using state facilities. This policy shift was influenced by the success of commercial space industries in the US and China.
- Source
- Ars Technica
- Published
- May 11, 2026 at 09:53 PM
- Score
- 6.0 / 10