All posts tagged: Skyroot

Indian startup Skyroot enters unicorn club with fresh USD 60 million investment

Indian startup Skyroot enters unicorn club with fresh USD 60 million investment

Skyroot Aerospace, a private space launch company, has successfully raised USD 60 million (approximately Rs 571 crore) from a diverse group of investors, including Ram Shriram’s Sherpalo, Singapore’s sovereign wealth fund GIC, and BlackRock, becoming India’s first space-tech unicorn. This funding, announced on May 7, elevates Skyroot’s valuation to USD 1.1 billion, a significant increase from its valuation of around USD 519 million in 2023. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Skyroot successfully test fires Stage-2 of Vikram 1 space launch vehicle 

Kalam-250, the Stage-2 of Vikram-1 space launch vehicle, was successfully test fired by Skyroot Aerospace at Indian Space Research Organisation’s (ISRO) at its Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh on March 27, 2024. | Photo Credit: By Arrangement Skyroot Aerospace, the leading space-tech company, has successfully test-fired the Stage-2 of Vikram-1 space launch vehicle, called Kalam-250, at the propulsion testbed of the Indian Space Research Organisation (ISRO), at its Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh on Wednesday. Space launch vehicles consist of multiple stages: main stage followed by subsequent ones. Stage-2 is a critical stage in the ascent of the launch vehicle, as it propels it from atmospheric phase to the deep vacuum of outer-space. Vikram-1 launch is a landmark event for the Indian space sector as it is the first private orbital rocket launch, and it follows the suborbital space launch of India’s first private rocket- the Vikram-S by Skyroot in November 2022, said an official release. The test which lasted 85 seconds recorded a peak sea-level thrust …