Skyroot Aerospace, the Hyderabad-based private launch-vehicle developer, has crossed into unicorn territory with a fresh round backed by GIC and BlackRock-managed funds. The deal makes Skyroot India's first space-technology company to reach a $1bn-plus valuation, the kind of milestone the country's still-nascent private space sector has been working toward since regulatory liberalisation in 2020.
Three years after India opened up its space sector to private companies, Hyderabad-based Skyroot Aerospace is targeting its first full-scale commercial satellite launch mission in January 2026, Mint reports. After this debut flight, Skyroot is targeting a launch every three months next year, and one every month from 2027. Each satellite launch mission is expected to generate the company nearly $5 million, according to Skyroot chief executive Pawan Chandana.