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？

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Source: CNBC - 🏆 12. / 72 Read more »