Skyroot Aerospace seeks $2 billion valuation after Vikram-1 success

Exam-focused facts from the 12 August 2026 current affairs briefing.

Key facts

Skyroot Aerospace, a Hyderabad-based space technology startup, successfully launched Vikram-1, India's first privately developed orbital launch vehicle.
The Vikram-1 launch took place on July 18 and marked a major milestone for India's private space industry.
Skyroot Aerospace is seeking a valuation of around $2 billion, nearly 80% higher than its previous valuation of $1.1 billion.
The company is looking to raise about $200 million through an investor bidding process managed by investment bank Kotak.
In May, Skyroot Aerospace raised $60 million from investors including Sherpalo, GIC, BlackRock and Arkam Ventures at a valuation of $1.1 billion.
Skyroot Aerospace had earlier launched Vikram-S in 2022, becoming the first private Indian startup to launch a rocket into space.