India, a key player in space exploration, is witnessing a transformative shift with increased involvement of the private sector. Historically reliant on ISRO for space endeavors, India is now experiencing a surge in private initiatives, driven by government reforms. Startups like Skyroot Aerospace, co-founded by former ISRO scientist Pawan Chandana, are at the forefront of commercialising the nation’s space sector. As per the reports SkyRoot is planning to send people in Space inspired by Elon Musk’s idea of sending people to Marsh.
Having successfully launched India’s first private rocket in 2022, Skyroot Aerospace is gearing up to deploy India’s inaugural privately launched satellites with its Vikram-1 rocket. With ambitious national goals like establishing a space station by 2035 and sending an Indian astronaut to the moon by 2040, India’s space aspirations are soaring.
Skyroot Aerospace aims to capitalise on the burgeoning small satellite market by offering customised launches, paving the way for innovative space solutions. However, challenges lie ahead. While India is now home to nearly 200 space startups, securing profitability remains a hurdle. Despite raising substantial funds, demonstrating consistent orbit reach is essential for scaling operations.
As Indian space startups mature, collaboration with the government is expected to drive further growth, enabling India to compete globally. However, adequate funding from the Indian government is crucial for sustaining momentum and rivalling global space markets, emphasising the need for continued support and investment.
