# Skyroot Aerospace became India’s first spacetech unicorn, raising $60 million in fresh funding at a $1.1 billion valuation.

*aerospace · news · 2026-05-14 · Forbes India*

## Key points

- Skyroot Aerospace is now India's first spacetech unicorn after raising $60 million at a $1.1 billion valuation.
- The Vikram-I and Vikram-II rockets are designed to serve global small satellite markets, not just India.
- Large institutional investors, including GIC and BlackRock, view India's launch sector as long-term infrastructure, not speculative tech.
- Skyroot's milestone creates a pricing benchmark that could drive further investment into Indian spacetech startups like Agnikul and Pixxel.
- Government-backed HAL will compete in domestic launches, but not in Skyroot's targeted international small-sat markets.

**Companies:** Alphabet, BlackRock, Skyroot Aerospace, GIC, IIMA Ventures, All In Capital, Agnikul, Pixxel
**Countries:** India, Singapore, United States

[Read the full story on Forbes India](https://www.forbesindia.com/article/news/deep-dive/is-skyroots-unicorn-milestone-indian-space-techs-coming-of-age-moment/2993921/1)

---

Canonical: https://newsio.io/n/76915ead-c3f8-4fab-bba4-55fbf35b1e26/skyroot-aerospace-became-indias-first-spacetech-unicorn-raising-60-million-in-fr
Summarized by Newsio from Forbes India. https://newsio.io/how-it-works