Launch Vehicles & Space Transportation Commercial Space Industry (New Space) Asia-Pacific (APAC)

Skyroot Aerospace becomes India’s first space “unicorn,” raising $60M and topping a $1.1B valuation ahead of its first private o

Skyroot Aerospace has secured a $60 million funding round from GIC, Sherpalo Ventures and BlackRock, valuing the company at $1.1 billion. The valuation more than doubled since 2023 as Skyroot prepares for India’s first private orbital launch attempt.

Discovered 2026-05-07T04:55:32.056446-07:00 | 2026-05-07T04:55:32.056446-07:00

Briefing

What Hype is tracking

The $60M round and $1.1B valuation mark a fresh scale-up milestone in India’s private launch segment, signaling increasing capital depth as teams prepare for first orbital attempts.
For investors and procurement partners, the funding mix (GIC, Sherpalo Ventures, BlackRock) highlights mainstream institutional participation—mirroring broader momentum seen in other New Space capital raises like Isar Aerospace’s pre-launch financing talks.
Skyroot’s “unicorn” emergence adds a new reference point to the same funding race across space infrastructure and defense-adjacent space, including Sierra Space’s scaling push after a $550M Series C and other high-growth space startups.

Reported By

India Defense News defencestar.in orbitaltoday.com Via Satellite TechCrunch SpaceNews.com