India's first private rocket company looks to slash satellite costs

But Skyroot, which launched a test rocket last week, expects to cut the cost of a launch by 50% compared with current pricing for established competitors like Richard Branson's Virgin Orbit and California-based Rocket Lab USA IncPawan Chandana, one of Skyroot's two co-founders, told Reuters he expected a surge in demand for the company's launch services if it proves itself with launches set for next year.

"Three or four months back when we were talking to investors, one of the biggest questions they asked was if the government was supporting us," Skyroot co-founder Bharath Daka told Reuters. Building on India's record for cost efficiency will be key, said Chandana. Skyroot, founded in 2018 when Chandana and Daka quit jobs at ISRO, has set a target to develop rockets for one-fifth of the current industry costs.

Half the cost? So what? Cheaper labour that’s all. Intelligent people working for pennies. Is that something to be proud of?

Musk of india？

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

A December rally may arrive, but the first half of 2023 could be rough for stocksStock strategists say there's a good chance for a December rally, but the market may not be as generous to investors in the first part of next year. Yeah, 2023 is crypto year baby. Bye bye Wallstreet vultures, its time to get rekt Why wouldn’t everyone just front-run it then? This latest rally smells like BS to me. The market is more overvalued today than it was this time last year!
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »