Skyroot Aerospace became India’s first spacetech unicorn on 7 May 2026 after raising $60 million at a $1.1 billion valuation. Skyroot is preparing to launch Vikram-1 from Sriharikota in the coming weeks, a mission that could become a major milestone for India’s fast-growing private space sector.
- Significance:
- First Indian spacetech start‑up to achieve unicorn status.
- Strengthens India’s private space ecosystem after liberalisation of space sector in 2020.
- Supports development of Vikram series rockets for cost‑effective satellite launches.
