# Skyroot Aerospace, an Indian space company, has achieved a valuation of one billion dollars.

*aerospace · news · 2026-05-07 · The Economic Times*

## Key points

- Skyroot Aerospace is the first Indian space company to reach a $1.1 billion valuation.
- The latest $60 million funding round included investors GIC, Sherpalo Ventures, and BlackRock.
- Skyroot is preparing the maiden launch of Vikram-1, India's first privately developed orbital rocket.
- Sherpalo Ventures founder Ram Shriram will join Skyroot's board following the recent funding round.
- Skyroot plans to use the funding to increase Vikram-1 launch frequency and expand manufacturing.

**Companies:** Skyroot Aerospace, GIC, BlackRock, Sherpalo Ventures
**Countries:** India, Singapore, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/science/indian-space-co-skyroot-becomes-first-1-billion-space-tech-startup-with-gic-sherpalo-blackrock-backing/articleshow/130886525.cms)

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