Space Private Sector News Today

Hyderabad based-Skyroot Aerospace has raised $27.5 million in a fresh round of funding led by Singapores Temasek, upping the ante in the countrys burgeoning space industry days after rival Agnikul Cosmos raised a similar amount. The company launched Indias first private rocket in 2022 and is set to launch its second commercial rocket, the Vikram-I, next year.

India on Friday successfully placed three satellites into orbit on a rocket completely developed by a four-year-old startup, marking the entry of the private sector into the country's space activities.