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

- SHINE JACOB

PRIVATE SPACE ODYSSEY

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

Business Standard से और कहानियाँ

Business Standard

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.

time to read

3 mins

November 01, 2025

Business Standard

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

time to read

5 mins

November 01, 2025

Business Standard

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.

time to read

1 mins

November 01, 2025

Business Standard

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.

time to read

2 mins

November 01, 2025

Business Standard

Business Standard

Apple revenue tops $100 bn for first time

iPhone price hike drives record quarter

time to read

1 mins

November 01, 2025

Business Standard

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.

time to read

3 mins

November 01, 2025

Business Standard

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.

time to read

1 mins

November 01, 2025

Business Standard

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:

time to read

4 mins

November 01, 2025

Business Standard

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.

time to read

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.

time to read

1 mins

November 01, 2025

Listen

Translate

Share

-
+

Change font size