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Skyroot readies India's maiden private rocket launch in January

Mint Mumbai

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October 29, 2025

Three years after India opened up its space sector to private companies, Hyderabad-based Skyroot Aerospace will conduct its first commercial satellite launch in January, becoming the only Indian entity other than Indian Space Research Organisation (Isro) to accomplish the feat.

- Shouvik Das

Co-founded by two former Isro scientists, the country's most-funded space startup is targetting one launch every three months next year, and one every month from 2027. Each launch mission is expected to fetch nearly $5 million, chief executive Pawan Chandana said.

"Making a single rocket takes about eight to nine months, and costs us $2-3 million. As we build scale, this cost and time will both reduce. Our revenue expectation per launch is about double that of the cost of making a rocket," said Chandana. "We'll start realizing operating revenue from the (first) launch itself, which will have a couple of paying satellite customers onboard."

MEER VERHALEN VAN Mint Mumbai

Mint Mumbai

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‘Equities could partly drive rally in 2026, but hold on to gold, silver’

Equities could drive part of the rally in 2026 after a “middling” year, but investors should continue to hold gold and silver for diversification, according to Radhika Gupta, managing director and chief executive officer at Edelweiss Mutual Fund.

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The 48-hour Grok crisis that put X on Meit Y's list

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Earnings revival to stay elusive for top IT firms in Q3

Client caution and macro concerns will cloud earnings of India's top 10 information technology (IT) services companies in the December quarter, at least four brokerages said, signalling a longer wait for demand pickup.

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Opec+ set to keep oil supply steady

Opec+ delegates said they're likely to stick with plans to pause crude oil supply increases in the first quarter at a meeting on Sunday, adding it's too early to assess the impact of the shock US capture of Venezuela leader Nicolas Maduro.

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Jaishankar begins France visit

External affairs minister S. Jaishankar on Sunday began a six-day visit to France and Luxembourg to hold talks on bilateral and global issues of mutual interest.

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Caracas crisis

The US security plan’s focus on the Western hemisphere burst into the global spotlight with America’s “capture” from Caracas of its president Nicolás Maduro, who might be charged with support for drug-trafficking and terrorism.

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US captures Maduro in a night-time military raid

Maduro and wife Cilia Flores face US charges of participating in a narco-terrorism conspiracy

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Steel cos get duty boost amid glut

Problem of plenty

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'Using Grok for illegal content will invite bans'

Microblogging site X will act against illegal content by removing them, permanently suspending accounts, uploading the material, and working with the local governments as required, the Elon Musk-owned social media site said on Sunday.

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WHY THE NEW NPS RULES MAKE SENSE IN THE REAL WORLD

There was a time, not so long ago, when the Income Tax Act specified that of the sum you could invest under Section 80C, only Rs 10,000 could be put in tax-saving mutual funds.

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