# Skyroot Aerospace raised $60 million and became India’s first space tech unicorn, valued at $1.1 billion.

*aerospace · news · 2026-05-07 · THE WEEK*

## Key points

- Skyroot Aerospace has become India's first space tech unicorn with a $1.1 billion valuation.
- Over 90% of Skyroot's customers are international, highlighting its global commercial focus.
- Vikram-1, the upcoming orbital rocket, is 95% indigenous and targets the telecommunications sector.
- Skyroot aims for a 72-hour assembly-to-launch capability for Vikram-1 with new Hyderabad facilities.
- The $60 million funding round nearly doubled Skyroot's valuation in 30 months to $1.1 billion.

**Companies:** GIC, BlackRock, Greenko Group, Skyroot Aerospace, Arkam Ventures, Playbook Partners, Shanghvi Family Office
**Countries:** India

[Read the full story on THE WEEK](https://www.theweek.in/news/sci-tech/2026/05/07/india-space-tech-skyroot-unicorn.html)

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