Spacetech startup Skyroot Aerospace has raised $60 million, doubling its pre-money valuation to $1.1 billion and putting it on track to become India’s first spacetech unicorn. The round was co-led by Sherpalo Ventures and Singapore’s GIC, with other major investors joining. Skyroot plans faster Vikram-1 launches and ramps up Vikram-2 development as it prepares for an orbital debut in coming weeks.
ISRO says its CE20 cryogenic engine cleared a sea level hot test at a higher thrust setting, reaching 22 tonne of thrust. The successful performance matters for boosting the payload capacity of the LVM3 rocket, with upcoming missions expected to use an uprated C32 stage. The test also confirmed key technologies and met expected parameters.
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