spacenews.com·May 7, 2026
Indian launch startup Skyroot Aerospace has raised $60 million in funding, achieving a valuation of $1.1 billion and becoming India's first space "unicorn." The funds will aid in the production of their Vikram-1 rocket, which is set to be the country's first privately developed orbital rocket, with a launch expected later this year.
Skyroot Aerospace has become India's first space "unicorn" by raising $60 million, valuing the company at $1.1 billion, ahead of its first orbital launch attempt with Vikram-1. This milestone highlights significant potential in the Indian commercial space sector, marking an opportunity for investment in emerging markets focused on cost-efficient orbital launch capabilities.