Skyroot Aerospace reaches unicorn status ahead of historic launch. India's first privately developed orbital rocket, Vikram-1, is weeks away from launch as Skyroot Aerospace becomes the country's first spacetech unicorn after raising $60 million at a $1.1 billion valuation. Founded by former ISRO scientists, the Hyderabad-based startup represents a major shift in India's aerospace sector, traditionally dominated by government agencies. The company now employs over 1,000 people across two manufacturing facilities. Success would position Skyroot alongside SpaceX as one of few private companies capable of orbital launches, validating India's deeptech startup ecosystem and signaling that globally competitive frontier technology businesses can be built from India.
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