Skyroot Aerospace Becomes India's First Space-Tech Unicorn with $1.1 Billion Valuation

📌 Summary:

• Skyroot Aerospace (Hyderabad) became India's first space-tech unicorn on May 7, 2026
• Latest funding round: ~USD 60 million; total valuation: $1.1 billion
• Investors: Sherpalo Ventures (Ram Shriram), GIC (Singapore sovereign wealth fund), Greenko Group founders, Arkam Ventures
• Preparing for maiden launch of Vikram-1 — India's first privately developed orbital rocket; designed for dedicated and customized satellite launches
• Cost-to-performance ratio cited as industry-leading; successfully test-fired India's largest privately developed rocket stage
• Milestone for India's space privatization: IN-SPACe framework enabling private sector entry into space sector under New Space India reforms

📚 Prelims Fact:

• Skyroot Aerospace = India's first space-tech unicorn ($1.1B); Vikram-1 = first privately developed orbital rocket in India; GIC = Government of Singapore Investment Corporation (sovereign wealth fund); IN-SPACe = Indian National Space Promotion and Authorisation Centre