Skyroot Aerospace has become India's first space tech unicorn, raising $60 million ahead of its inaugural orbital launch of the Vikram-1 rocket, with a valuation of $1.1 billion. The funding will support increased manufacturing and the development of future launch vehicles, as India expands its private space sector.
Skyroot Aerospace has become India's first space tech unicorn, securing a $1.1 billion valuation after raising $60 million ahead of its inaugural orbital launch of the Vikram-1 rocket. This development marks a significant milestone in India's private space sector, highlighting the country's growing role in the global space economy and presenting potential investment opportunities in India's space tech startups as they leverage lower costs to compete internationally.