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☆ ‘Cabs to get into space’: How this Indian startup wants to revolutionize satellite space travel
▼ + stars: | 2024-04-23 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

But its private sector has played a limited role in space exploration, acting mostly as suppliers and vendors for its national space agency, the Indian Space Research Organization (ISRO). “Very few companies globally are able to make it to orbit yet.”Pawan Chandana, the co-founder of Skyroot Aerospace Skyroot Aerospace Pvt. As Indian space startups mature over the coming years, he expects the government to become a customer, enabling further growth. Many private space companies source income from governments, including Space X, which has raked in billions of dollars from US government contracts. In November 2022, Skyroot Aerospace launched India's first privately built rocket, Vikram-S. Skyroot Aerospace Pvt.

Persons: Vikram, ” Pawan Chandana, “, Pawan Chandana, Narendra Modi, ”, Susmita Mohanty, Skyroot, Chandana, ridesharing, Kari Bingen, Modi, Mohanty Organizations: CNN, Indian Space Research Organization, ISRO, Elon, SpaceX, Skyroot Aerospace, Skyroot Aerospace Skyroot Aerospace, . Ltd, McKinsey & Company, Economic, ’, LEO —, Vikram Sarabhai, Aerospace Security, Center for Strategic, International Studies, Deloitte, India’s, NASA Locations: India, United States, Hyderabad, Thiruvananthapuram, Singapore

☆ Elon Musk is heading to India. He could deliver a big win for Tesla and Narendra Modi
▼ + stars: | 2024-04-19 | by ( Diksha Madhok | ) edition.cnn.com time to read: +6 min

Apart from Tesla (TSLA), Musk is also the boss of rocket company SpaceX and X, formerly Twitter. If the investment in India is announced, it would be a boost to Modi’s efforts to make India a major global manufacturing hub. “We will support the growth of the automobile industry and its transition to EV manufacturing,” the manifesto said. In the fourth quarter of 2023, Tesla briefly lost its crown as the leader in global EV sales to Chinese automaker BYD. It recaptured the EV sales title from BYD in the first quarter, despite the drop in sales.

Persons: New Delhi CNN — Tesla, Elon Musk, Narendra Modi, Tesla, Musk, Modi, Pawan Chandana, “, Bharatiya Janata Party's, Sajjad Hussain, Bharat, ‘, India “, ”, ” Tesla Organizations: New, New Delhi CNN, Reuters, Skyroot Aerospace, CNN, Tesla, SpaceX, Twitter, Financial Times, India, Bharatiya Janata Party, BJP, Bharatiya Janata, Getty, Apple, Foxconn, Musk, India isn’t Locations: New Delhi, India, Shanghai, AFP, China, Beijing, Washington, United States, BYD, New York

☆ India's Skyroot expects to double rocket launches amid Chandrayaan-3's success
▼ + stars: | 2023-08-28 | by ( Rishika Sadam | ) www.reuters.com time to read: +2 min

Skyroot Aerospace's logo is seen in this picture illustration taken November 26, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsHYDERABAD, Aug 28 (Reuters) - Skyroot Aerospace, which launched India's first private rocket in 2022, aims to double its planned launches starting next year on a likely boost to the country's fledgling private space sector from the success of the Chandrayaan-3 moon mission. The company conducted India's first private rocket launch looking to cut satellite launch costs in an industry fast getting crowded as various firms build out networks to deliver broadband services, which need small satellite launches. Chandana said the company plans to ramp up its 280-member workforce by 20% in the next two years to support the expected increase in launches. So, the next large fundraising round, the Series C round, will probably be in 2024 end," Chandana said.

Persons: Dado Ruvic, Pawan Kumar Chandana, Chandana, GIC, Rishika Sadam, Nivedita Bhattacharjee, Dhanya Ann Thoppil Organizations: REUTERS, Rights, Skyroot Aerospace, Reuters, Indian Space Research, Thomson Locations: Hyderabad, India

☆ India’s space startups are ready to blast off too
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Amit Dave Acquire Licensing RightsBENGALURU, Aug 24 (Reuters Breakingviews) - Nearly seven million people watched India’s space program make history on Wednesday. The Indian Space Research Organisation (ISRO) became the first to land near the moon’s unexplored south pole. Peak XV Partners, formerly Sequoia India and Southeast Asia, in June led a $10 million investment in Digantara, which maps space debris. At $74 million, the bill for India’s moon mission was less than the cost of producing 2013 Hollywood space thriller "Gravity". New Delhi is finalising new foreign direct investment rules, and that will likely turbocharge India’s space startups.

Persons: Amit Dave, Elon Musk, Singapore’s GIC, Pranav Kiran, Coinbase’s, Una Galani, Streisand Neto Organizations: REUTERS, Rights, Reuters, Indian Space Research Organisation, ISRO, SpaceX, XV Partners, Sequoia, Skyroot Aerospace, Hollywood, Twitter, Thomson Locations: Gujarat Science City, Ahmedabad, India, Sequoia India, Southeast Asia, Digantara, New Delhi

☆ India closes in on moon landing as Russia also races to lunar south pole
▼ + stars: | 2023-08-18 | by ( Nivedita Bhattacharjee | ) www.reuters.com time to read: +3 min

The Indian space agency launched the rocket carrying the spacecraft on July 14, blasting off from the country's main spaceport in the southern state of Andhra Pradesh. Rough terrain is expected to complicate a landing on the lunar south pole. A previous mission by India's space agency, the Chandrayaan-2, crashed in 2019 near where the Chandrayaan-3 will attempt a touchdown. Both India and Russia have national interests in successful landings and in claiming the historic first at stake. Russia's space agency Roscosmos has said the Luna-25 mission would spend 5-7 days in lunar orbit before descending to one of three possible landing sites near the pole.

Persons: Roscosmos, Luna, Narendra Modi's, Nivedita, Philippa Fletcher Organizations: ISRO, Handout, REUTERS, Rights, LM, Indian Space Research Organisation, Luna, India's, Skyroot Aerospace, Thomson Locations: Russia, Andhra Pradesh, India, Ukraine, Bengaluru

☆ India readies takeoff for mission to land spacecraft on moon's south pole
▼ + stars: | 2023-07-14 | by ( Nivedita Bhattacharjee | ) www.reuters.com time to read: +2 min

BENGALURU, July 14 (Reuters) - India's space agency made final preparations on Friday for the launch of a rocket that will attempt to land a robotic rover on the moon's south pole, a first in space exploration. The Chandrayaan-3 spacecraft would also be the first to land at the lunar south pole, an area of special interest for space agencies and private space companies because of the presence of water ice that could support a future space station. The Indian Space Research Organisation (ISRO) said it had completed a review of the mission readiness ahead of Friday's scheduled launch. India's much-awaited moon mission Chandrayaan-3 has been scheduled for launch on July 14, 2023. "Joining a billion Indians in wishing great luck for #Chandrayaan3 mission!"

Persons: ISRO's, Narendra Modi's, Pawan Chandana, Nivedita, Kevin Krolicki, Jamie Freed Organizations: Soviet, Indian Space Research Organisation, ISRO, Skyroot Aerospace, Thomson Locations: BENGALURU, India, United States, Soviet Union, China, Andhra Pradesh, Bengaluru

☆ India blasts Chandrayaan-3 lander toward moon's south pole
▼ + stars: | 2023-07-14 | by ( Nivedita Bhattacharjee | ) www.reuters.com time to read: +3 min

About 16 minutes later, ISRO's mission control announced that the rocket had succeeded in putting the Chandrayaan-3 lander into an Earth orbit that will send it looping toward a moon landing next month. India's much-awaited moon mission Chandrayaan-3 has been scheduled for launch on July 14, 2023. [1/5]India's LVM3-M4 lifts off carrying the Chandrayaan-3 lander from the Satish Dhawan Space Centre at Sriharikota, India, July 14, 2023. The lunar landing is expected on Aug. 23, ISRO has said. Modi had earlier said on Twitter that the moon mission "will carry the hopes and dreams of our nation".

Persons: Jai Hind, Satish, Space, Stringer, ISRO's, Narendra Modi's, Modi, India, Technology Jitendra Singh, Nivedita, Kevin Krolicki, Jamie Freed, Mark Heinrich Our Organizations: Indian Space Research, Soviet, YouTube, REUTERS, ISRO, Twitter, State for Science, Technology, Skyroot Aerospace, Thomson Locations: BENGALURU, Andhra Pradesh, India, United States, Soviet Union, China, Sriharikota, Bengaluru

☆ India readies moon mission aimed to stake claim as a space power
▼ + stars: | 2023-07-13 | by ( Nivedita Bhattacharjee | ) www.reuters.com time to read: +3 min

Only the United States, the former Soviet Union and China have made successful lunar landings. India's much-awaited moon mission Chandrayaan-3 has been scheduled for launch on July 14, 2023. India's much-awaited moon mission Chandrayaan-3 has been scheduled for launch on July 14, 2023. The Soviet Union, the United States, and China are the only three countries that have successfully carried out soft landings on the moon. On a visit to the United States last month, Modi and U.S. President Joe Biden pledged to deepen collaboration in space.

Persons: Narendra Modi's, Ajey Lele, Modi, Joe Biden, Carla Filotico, Nivedita, Kevin Krolicki, Jamie Freed Organizations: Soviet, Indian Space Research Organisation, New, Manohar Parrikar Institute for Defence Studies, Soviet Union, Skyroot Aerospace, U.S, NASA, ISRO, SpaceTec Partners, Thomson Locations: BENGALURU, United States, Soviet Union, China, Andhra Pradesh, India, Soviet, Denver, Bengaluru

☆ The Surprising Striver in the World’s Space Business
▼ + stars: | 2023-07-04 | by ( Alex Travelli | ) www.nytimes.com time to read: +2 min

When it launched its first rocket in 1963, India was a poor country pursuing the world’s most cutting-edge technology. That projectile, its nose cone wheeled to the launchpad by a bicycle, put a small payload 124 miles above the Earth. In today’s space race, India has found much surer footing. These new thrusters will guide Skyroot’s next one into orbit this year, with a much more valuable payload. Pawan Kumar Chandana, 32, Skyroot’s chief executive, anticipates a global need for 30,000 satellites to be launched this decade.

Persons: pored, Skyroot’s, Pawan Kumar Chandana, Biden, Narendra Modi, “ Organizations: Skyroot Aerospace, U.S Locations: India, United States, Soviet Union, Hyderabad, Washington, China

☆ Google leads funding round for Indian space startup Pixxel
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +3 min

BENGALURU, June 1 (Reuters) - Alphabet Inc's (GOOGL.O) Google is leading a $36 million funding round for Bengaluru-based Pixxel, a satellite-image startup, in the first major investment in the Indian space sector since the government launched its privatisation policy in April. Pixxel did not specify how much Google had invested or the valuation it reflected. Founder and Chief Executive Awais Ahmed said Pixxel would be "the most valued space tech company in India after this investment". Space startups, in particular, have come under pressure after the bankruptcy of Richard Branson's Virgin Orbit launch company. Ahmed has said he was inspired to launch a space startup from a visit Elon Musk's SpaceX as part of a student competition to build a demonstration "hyperloop" transport pod.

Persons: Pixxel, Awais Ahmed, Ahmed, Richard Branson's Virgin, Kshitij Khandelwal, Nivedita, Kevin Krolicki, Christopher Cushing Organizations: Google, Miner Rio Tinto Ltd, Accenture PLC, Skyroot Aerospace, Reuters, Space, Richard Branson's Virgin Orbit, Elon, SpaceX, Thomson Locations: BENGALURU, Bengaluru, Miner Rio, India

☆ India's first private rocket company looks to slash satellite costs
▼ + stars: | 2022-11-26 | by ( Nivedita Bhattacharjee | ) www.reuters.com time to read: +4 min

[1/2] Employees pose in front of Vikram-S rocket, India?s first private rocket developed by Skyroot, an Indian Space-Tech startup, at a spaceport in Sriharikota, India, November 18, 2022. The Hyderabad-based company, backed by Singapore's sovereign wealth fund, GIC, says the $68 million it has raised will fund its next two launches. Skyroot faces both established and up-and-coming rocket launch rivals that also promise to bring down costs. India opened the door to private space companies in 2020 with a regulatory overhaul and a new agency to boost private-sector launches. The Skyroot rocket that reached 89.5 kilometers altitude in last week's test launch used carbon-fibre components and 3D-printed parts, including the thrusters.

☆ India Successfully Test Launches Its First Privately Developed Rocket
▼ + stars: | 2022-11-18 | by ( Shan Li | Vibhuti Agarwal | ) www.wsj.com time to read: 1 min

The Vikram-S rocket blasted off at around 11:30 a.m. local time from the Sriharikota spaceport, reaching an altitude of 55.6 miles. India tested its first privately developed rocket on Friday with a successful suborbital launch that marks a step forward in the country’s push to develop a commercial space industry. The Vikram-S rocket, which was developed by the startup Skyroot Aerospace, blasted off at around 11:30 a.m. local time from the Sriharikota spaceport off the southern Indian state of Andhra Pradesh. It reached an altitude of 89.5 kilometers (55.6 miles), with all of the rocket’s systems working as planned, the company said.

New Delhi CNN Busines —Indian startup Skyroot Aerospace launched the country’s first privately developed rocket, Vikram-S, into space on Friday with support from the Indian Space Research Organisation (ISRO). Until now, the country’s space industry has been dominated by the state-run ISRO, but Skyroot Aerospace has opened up the sector to private companies. This mission symbolizes not just India’s first private rocket launch but also “the potential of new India,” said Pawan Kumar Chandana, co-founder of Skyroot Aerospace after the launch. Skyroot Aerospace was launched in 2018 and is based in the southern tech hub of Hyderabad. Last year, it became the first startup to enter into an agreement with ISRO to use the Indian space agency’s expertise and to access facilities.

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