SpaceTech News & Analysis
2 articles
Market Mood
Skyroot Launches 350kg Rocket, Joins U.S. and China in Space Market
Skyroot, an Indian space-tech startup, successfully test-launched a low-orbit rocket carrying a payload of 350 kilograms on Saturday. This event marks Skyroot as the first Indian private company with orbital launch capability, joining the ranks of U.S. and Chinese firms in the satellite launch market. The company plans to start commercial operations in 2027, aiming for one launch per month. This development is significant as it reflects India's growing presence in the global space industry, which may attract investments in space-related ventures.
Read More: Skyroot Launches 350kg Rocket, Joins U.S. and China in Space Market
SpaceX (SPACEX) IPO Achieves $2 Trillion Market Cap, Boosting Tech
SpaceX (SPACEX) debuted on Nasdaq with a market cap exceeding $2 trillion, making it the sixth-largest public company in the US. This milestone contributed to over €2 billion (about $2.3 billion) in venture capital funding for European space tech startups in 2023, nearly double the previous year's total. Experts suggest SpaceX's performance may elevate VC interest in the sector globally, enhancing investment opportunities in European markets. The IPO is expected to further establish space as a critical area of investment for institutional investors.
Read More: SpaceX (SPACEX) IPO Achieves $2 Trillion Market Cap, Boosting Tech