कोशिश गोल्ड - मुक्त
PRIVATE SPACE ODYSSEY
Business Standard
|March 20, 2025
Sunita Williams' return in a SpaceX capsule has put the focus back on the role of private sector in space journeys
After 286 days of uncertainty and orbiting Earth 4,576 times, astronauts Sunita Williams and Butch Wilmore have finally splashed down off the coast of Florida. The crew landed in a SpaceX capsule, after traveling to the International Space Station aboard Boeing's new Starliner, underscoring the growing dominance of the private sector in the space industry.
In India too, the need for a faster evolution of the private sector in space is being felt especially in the upstream sector, against the backdrop of the 'Bharatiya Antriksh Station' planned by 2035, and dreams of an Indian landing on the Moon by 2040. There's a closer target as well with India's crewed orbital spacecraft readying to take off in 2026.
The upstream segment refers to all activities, products, and infrastructure ensuring the development, testing, launching, operations, and monitoring (including space situational awareness) of space assets. And, the downstream segment is about all applications, services, and devices relying on satellites to create business value. At present, some 250 odd startups are at the forefront of the private sector space initiative in India across upstream and downstream segments.
"Upstream contributions are beginning to happen, whereas application sector companies are reasonably well established. When you link the human space life mission to the private sector in India, we must have a profitable and economically viable space sector attractive for private players. Only then, the real significant growth in private sector will be possible," said S Somanath, former chairman of the Indian Space Research Organisation (ISRO), and Vikram Sarabhai professor at ISRO.
New initiatives
यह कहानी Business Standard के March 20, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Business Standard से और कहानियाँ
Business Standard
‘Investor awareness becomes more important than ever’
Ananth Narayan G describes his three-year tenure as whole-time member of the Securities and Exchange Board of India (Sebi) as a privilege that allowed him to make an impact on a larger canvas.
3 mins
November 01, 2025
Business Standard
New currency of hard power
If China is an exporting superpower, America is an importing one. Mr Trump has turned what would usually be a liability into an asset
5 mins
November 01, 2025
Business Standard
Apple's India revenue hits new high in Sep qtr
Apple set an all-time revenue record in India for the September quarter, driven by strong iPhone sales, as the American technology giant’s overall sales revenue reached $102.5 billion globally.
1 mins
November 01, 2025
Business Standard
USFDA's new biosimilar norms to woo more players, fast-track mkt entry
The US Food and Drug Administration’s (USEDA)'s new draft guidelines aimed at speeding up and reducing the cost of developing biosimilars — lower-priced, near-replicas of complex biologic medicines — could significantly benefit Indian biotech companies.
2 mins
November 01, 2025
Business Standard
Apple revenue tops $100 bn for first time
iPhone price hike drives record quarter
1 mins
November 01, 2025
Business Standard
Broking industry sees high growth on digital push
The Indian broking industry is passing through a lean patch after two years of rapid growth and expansion.
3 mins
November 01, 2025
Business Standard
Al-related stocks have more room to grow'
Artificial intelligence (AI)-related stocks have more room to grow, said Mark Matthews, managing director (MD) and head of research for Asia at Julius Baer during lunch on the sidelines of the Business Standard BFSI Insight Summit 2025 on Friday.
1 mins
November 01, 2025
Business Standard
'Al unlikely to replace humans in fin services'
Artificial intelligence, or AI, has had an influence in the way we invest in stocks. While it helps you narrow the list of opportunities, it has not reached a point where it can replace wealth managers, points out Shankar Sharma, founder, GQuants, in a fireside chat with A K Bhattacharya. Edited excerpts:
4 mins
November 01, 2025
Business Standard
Vedanta net profit plunges 59% on exceptional losses
Mining major Vedanta’s consolidated net profit plunged 58.69 per cent year-on-year (Y-0-Y) to %1,798 crore inthe second quarter of 2025-26 (Q2FY26), dragged down by exceptional losses booked during the period under review. The company had reported anet exceptional gain of $1,160 crore in Q2FY25.
2 mins
November 01, 2025
Business Standard
Sebi chief stresses responsible tech use, stronger market resilience
The Securities and Exchange Board of India (Sebi) is promoting the responsible use of emerging technologies, such as artificial intelligence in financial markets, strengthening cybersecurity, and preparing entities for change, said Chairman Tuhin Kanta Pandey on Friday.
1 mins
November 01, 2025
Listen
Translate
Change font size
