Skyroot Aerospace achieves unicorn status with $60 million funding round, reaching $1.

Skyroot Aerospace achieves unicorn status with $60 million funding round, reaching $1.1 billion valuation. The Hyderabad-based spacetech startup is preparing for the maiden flight of Vikram-1, India's first privately developed orbital rocket, with launch expected within weeks. Funding will support launch operations, manufacturing expansion, and development of Vikram-2, a next-generation vehicle. The round was co-led by Sherpalo Ventures and GIC, with participation from BlackRock-managed funds and other institutional investors. Skyroot claims its launch services will offer the most competitive pricing for satellite operators seeking dedicated orbital access, positioning it as a significant player in India's growing commercial space sector.