India’s rise in space exploration with private corporations

India’s rise in space exploration with private corporations

Space Exploration India

As the first Asian country to reach Mars orbit, India has confirmed its rising status in space exploration. The Indian Space Research Organization (ISRO) has successfully and cost-effectively conducted interplanetary missions, firmly positioning India amongst other global space-exploring nations.

Historically, the Indian government dominated space exploration. Now, private corporations, similar to their US counterparts, are leading the industry, initiating cutting-edge projects, and contributing significantly to space technology. Today, the role of these private corporations has evolved from supporting roles to pioneers.

Skyroot Aerospace, a Hyderabad-based startup, is geared up to launch India’s first private rocket, the Vikram-1, marking a significant milestone for both the company and India. This progression underlines Skyroot Aerospace’s innovative capacity and signifies India’s consistent progress in space technology. The company is keen, ready, and willing to accept the challenges of private space exploration.

Co-founder and ex-ISRO scientist Pawan Chandana regards this launch as a monumental milestone. He believes it amplifies the company’s hard work and determination and propels it onto a prestigious list of global achievers.

India’s private corporations contribute to space exploration

Prime Minister Narendra Modi’s ambitious space objectives, such as building India’s own space station and facilitating a moon landing by 2040, reflect India’s growing interest in space exploration. The strategic initiatives aim to stimulate the science and technology sector, contributing significantly to India’s economic growth and advancement.

The low Earth orbit (LEO), the central hub of the international space race, is being exploited by several businesses launching small-scale satellites. Accounting for 96% of all launched spacecraft in 2022, these satellites primarily aim to provide robust broadband internet services to Earth users.

See also  One in three Americans unsure of retirement stability

Skyroot Aerospace aims to tap into this growing small satellite market and offer tailored launch services for satellites under 500 kg. They have adopted a consumer-oriented approach, offering individually tailored solutions to smaller satellite manufacturers and operators, which could potentially revolutionize small satellite launches by enhancing efficiency and reducing costs.

However, with dedicated launches priced at $20,000 per kilogram, Skyroot’s services come at a premium price. Despite this, the company believes that its emphasis on quality, customer-centric service, and improved technology justify the investment. Skyroot continues to focus on contributing to the space industry while ensuring great value for its clients.


About Our Editorial Process

At DevX, we’re dedicated to tech entrepreneurship. Our team closely follows industry shifts, new products, AI breakthroughs, technology trends, and funding announcements. Articles undergo thorough editing to ensure accuracy and clarity, reflecting DevX’s style and supporting entrepreneurs in the tech sphere.

See our full editorial policy.

About Our Journalist