Skyroot hits unicorn status, but India's private space race needs clearer skies
Skyroot Aerospace becoming India's first space launch vehicle unicorn invigorates the nation's space-tech industry, signaling a major paradigm shift for Indian businesses in a $1.8 trillion market. This success, with Vikram-1's impending launch, promises quantum leaps across multiple sectors. However, the author criticizes the government's decision to transfer ISRO's SSLV technology to PSU Hindustan Aeronautics Limited. This move risks creating unfair competition and disadvantaging private startups like Skyroot and Agnikul Cosmos, potentially hindering India's soaring space ambitions. Consistent policy support is crucial for the private space tech ecosystem to thrive and secure its global market share.
Economic Times · ET Bureau · May 7, 2026 at 5:47 PM