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Home / Business and Economy / India's Space Startups Aim for Global Launchpads

India's Space Startups Aim for Global Launchpads

3 Feb

•

Summary

  • Indian space startups eye US and European markets.
  • Pixxel aids Australia's Rio Tinto with spectral data.
  • Agnikul aims for reusable rockets to rival SpaceX.
India's Space Startups Aim for Global Launchpads

Indian space technology firms are setting their sights on the United States and Europe, markets considered challenging for Chinese rivals. Pixxel Space Technologies Inc. and Agnikul Cosmos Pvt Ltd. are prioritizing nations that have existing ties with India, leveraging a recent trade deal with the European Union.

The Indian government's increased budget allocations for defense and the Department of Space signal a strong commitment to the sector. Pixxel, established in 2019, offers detailed spectral data for applications in environmental monitoring and natural resource management, notably collaborating with Australia's Rio Tinto.

Agnikul Cosmos is developing reusable rocket technology, aiming to compete directly with established players like SpaceX. Their co-founder indicated that any nation requiring launch services is a potential client, with a particular emphasis on markets beyond the US.

Meanwhile, China's Galaxy Space Communication Technology Co. Ltd. is focusing on Southeast Asia, Africa, and Latin America to counter Indian companies' presence in those regions. Their expansion strategy is based on economic factors, population density, and connectivity gaps.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Indian space startups are targeting markets in the US and Europe, as well as countries already receptive to Indian companies and technologies.
Pixxel provides detailed spectral data used for analyzing environmental changes, agriculture, and natural resources, and is working with Australia's Rio Tinto.
Agnikul Cosmos is developing a reusable rocket aimed at competing with existing launch vehicle providers and serving countries needing launch capabilities.

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