Indian Space Co Skyroot Becomes First $1 Billion Space-Tech Startup with GIC, Sherpalo, Blackrock Backing

Skyroot Aerospace Becomes India’s 1st Space-Tech Unicorn After Raising USD 60 Million From GIC and BlackRock | 🔬 LatestLY

Hyderabad-based Skyroot Aerospace has become India’s first space-tech unicorn after raising USD 60 million from investors including GIC and BlackRock. Now valued at USD 1.1 billion, the company will use the capital to scale manufacturing and launch Vikram-1, its first private orbital rocket, while developing the more powerful Vikram-2 vehicle for future missions. 🔬 Skyroot Aerospace Becomes India’s 1st Space-Tech Unicorn After Raising USD 60 Mi…

Indian space co Skyroot becomes first $1 billion space-tech startup with GIC, Sherpalo, Blackrock backing

Skyroot Aerospace, an Indian space company, has achieved a valuation of one billion dollars. This milestone follows a recent funding round securing sixty million dollars. The company is preparing for its first orbital rocket launch. This achievement signals strong investor confidence in India's growing space sector. Skyroot aims to increase launch frequency and expand manufacturing capabilities.

Skyroot becomes India’s first space-tech unicorn ahead of June Vikram-1 launch

Skyroot Aerospace has closed a unicorn-valuation funding round backed by GIC and BlackRock-managed funds, ahead of the planned June launch of Vikram-1.

Skyroot becomes India's first space unicorn at $1.1 billion ahead of Vikram-1 launch

Skyroot Aerospace has raised nearly $60 million, taking its valuation to $1.1 billion ahead of the Vikram-1 launch. The funding underscores investor interest in India’s private space sector as the company prepares its first orbital mission.

Skyroot Aerospace becomes India’s first space-tech unicorn; raises $60 million from Ram Shriram’s Sherpalo, GIC and BlackRock

Ram Shriram, a renowned tech investor and a board member of Alphabet Inc, will be joining Skyroot’s Board. Shriram was the first backer of Google.

CAS SPACE Files for STAR Market IPO, Aiming to Become China's First Commercial Spaceflight Listing

CAS SPACE, China's first mixed-ownership commercial launch vehicle company, has filed for an initial public offering on the STAR Market, with the ambition of becoming the country's first listed commercial spaceflight company. Led by industry veteran Yang Yiqiang, CAS SPACE has completed 11 rocket launches and delivered 86 satellites to orbit. The company operates as the only private Chinese launch vehicle manufacturer to have undertaken multiple…