Spreading wings, Pg8

Key Highlights:

• Skyroot Aerospace successfully launched its Vikram-1 rocket from Sriharikota, marking India's first private sector orbital flight.
• Vikram-1 is a four-stage launcher designed to offer a "cab service" for satellites, allowing customers to choose their orbit and launch schedule.
• The company aims for launch prices below PSLV and above SSLV by utilizing carbon-composite structures.
• This achievement follows reforms since 2020 and the Space Policy 2023, which opened the Indian space sector to commercial players.
• The government aims to grow the national space economy to $44 billion by 2033 from $8 billion, supported by policies like 49% FDI in launch vehicles via the automatic route.

Detailed Insights:

• Skyroot Aerospace was founded in 2018 by former ISRO engineers, with engine tests in 2020 and a suborbital flight in 2022.
• For approximately six decades, ISRO maintained a state monopoly over launch activities in India, with private firms primarily acting as suppliers.
• The new policy framework allows ISRO to concentrate on research and development and scientific missions.
• India is now the third country globally to host a private enterprise that has demonstrated orbital launch capability.
• Skyroot Aerospace faces challenges in achieving commercial viability, including demonstrating repeatability and stable launch costs amidst global competition.
• The company's "cab service" model for satellites targets a specific market segment, offering customization at a premium over traditional rideshares.
• India currently lacks a dedicated Space Activities Act, leading to regulatory uncertainty regarding liability in case of launch or orbital mishaps.

Key Concepts Involved:

• Skyroot Aerospace: An Indian private aerospace manufacturer and commercial launch service provider.
• Vikram-1: The first orbital-class rocket developed by Skyroot Aerospace, designed for small satellite launches.
• ISRO: The primary space agency of the Indian government, responsible for space-based applications and space exploration.
• Space Policy 2023: A comprehensive policy framework by the Indian government to promote private sector participation in the space economy.
• Space Activities Act: Proposed legislation intended to provide a clear legal and regulatory framework for space activities in India.