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India’s Space Industry Hunts for Its SpaceX Moment

India’s Space Industry Hunts for Its SpaceX Moment
Bloomberg Technology Friday 03 July 2026, 01:00 UTC By Rajesh Roy, Mihir Mishra 1 min read
Key Points

India’s Space Industry Hunts for Its SpaceX Moment India’s attempt to fire up its fledgling private space program is showing early signs of success. Three years after Prime Minister Narendra Modi allowed non-government firms to own spaceports, launch rockets and sell remote-sensing data, the country has its first space unicorn preparing for a lift-off, and boasts startups making advanced Earth-imaging and all-weather satellites. Billionaire Mukesh Ambani is also evaluating plans to deploy a...

India’s Space Industry Hunts for Its SpaceX Moment India’s attempt to fire up its fledgling private space program is showing early signs of success. Three years after Prime Minister Narendra Modi allowed non-government firms to own spaceports, launch rockets and sell remote-sensing data, the country has its first space unicorn preparing for a lift-off, and boasts startups making advanced Earth-imaging and all-weather satellites. Billionaire Mukesh Ambani is also evaluating plans to deploy a constellation that could pit him against Elon Musk’s Starlink in India.
India (LOCATION) SpaceX (ORG) Narendra Modi (PERSON) Earth (LOCATION) Mukesh Ambani (PERSON) Elon Musk’s (PERSON) Starlink (LOCATION)
Originally published by Bloomberg Technology Read original →

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