News Summary

• Skyroot Aerospace has raised $60 million in a new investment ahead of the maiden orbital launch of its Vikram-1 rocket in the coming weeks.
• The funding round valued the Hyderabad-based startup at $1.1 billion on a pre-money basis.
• The investment comes as Skyroot prepares for the first orbital launch attempt by an Indian private company.
• The startup’s rise comes as India pushes to expand its share of the global space economy by opening the sector to private companies.