"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."
"Skyroot's last priced round, a $51m Series B led by GIC in 2023, valued the company at roughly $519m. Reports of an imminent unicorn round began surfacing in April, with the new round structured to roughly double that figure."
"Skyroot is preparing for the orbital launch of Vikram-1, its first commercial-class rocket, with a launch window targeted for June 2026. A successful Vikram-1 launch would be the first time a privately developed orbital rocket has reached space from Indian soil."
Skyroot Aerospace, a Hyderabad-based private launch-vehicle developer, has achieved unicorn status with a new funding round led by GIC and BlackRock-managed funds. The valuation more than doubles the company's 2023 Series B valuation of $519 million. This makes Skyroot India's first space-technology company to reach a $1 billion-plus valuation, marking a significant milestone for India's private space sector since regulatory liberalization in 2020. The funding round includes investors such as Temasek, Greenko, and Mukesh Bansal. The timing coincides with Skyroot's preparation for the orbital launch of Vikram-1, its first commercial-class rocket, scheduled for June 2026 from the Satish Dhawan Space Centre at Sriharikota. A successful launch would mark the first time a privately developed orbital rocket reaches space from Indian soil.
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