Skyroot Aerospace Approaches First Orbital Test Flight in India
A promising Indian launch startup nears its first orbital test flight
Ars Technica
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Skyroot Aerospace, an Indian startup, is nearing its first orbital test flight of the Vikram-1 rocket, following India's shift to allow private space companies. With a recent funding of $60 million, the company is valued at $1.1 billion and aims to enhance its commercial launch capabilities.
- 01Skyroot Aerospace is set to conduct its first orbital test flight of the Vikram-1 rocket.
- 02The Indian government opened the space sector to private companies in 2020, spurring innovation.
- 03Skyroot recently raised $60 million, bringing its valuation to $1.1 billion.
- 04Co-founder Pawan Kumar Chandana was inspired by global space companies like SpaceX.
- 05The startup was founded in June 2018 in Hyderabad by former ISRO scientists.
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Skyroot Aerospace, a promising Indian launch startup based in Hyderabad, is preparing for its first orbital test flight of the Vikram-1 rocket. This development follows a significant policy shift in 2020, when the Indian government began allowing private companies to build and launch their own rockets, responding to the growing influence of commercial space industries globally. Co-founder and CEO Pawan Kumar Chandana, inspired by companies like SpaceX, left his position at the Indian Space Research Organisation (ISRO) to pursue this venture. Recently, Skyroot secured $60 million in funding, raising its valuation to $1.1 billion, positioning it to enhance its commercial launch efforts. The company aims to leverage India's engineering talent and favorable geographical location to compete in the global space industry.
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The success of Skyroot Aerospace could boost India's position in the global space industry, creating job opportunities and fostering innovation in the local tech sector.
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