Funding for space start-ups zooms

The race for space has got real, and it is attracting funding like never before. In 2022 so far, funding to private players in the space sector has jumped a whopping 61.5 per cent – soaring to $108.52 million compared to $67.2 million in 2021. Propelling it is the government’s decision to open up the space sector to private players and the work done by companies like Skyroot Aerospace, the Hyderabad-based start-up behind the launch of India’s first privately developed rocket on November 18.