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Skyroot Aerospace hits billion dollar valuation after 60 million funding and gears up for its first orbital launch
Business
Published on 7 May 2026
Backed by GIC and others, Skyroot is racing to launch
Skyroot Aerospace has become India’s first space-tech startup valued at $1 billion, following a fresh $60 million funding round. The company is now preparing for its first orbital rocket launch, a move investors see as validation of momentum in India’s space sector. Skyroot plans to boost launch cadence and scale up manufacturing to meet rising demand.
- Skyroot Aerospace reaches $1 billion valuation
- Recent round secured $60 million from major backers
- Company is preparing for its first orbital rocket launch
- Plans to increase launch frequency and expand manufacturing
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times