About the Company
Skyroot Aerospace Limited is an Indian space-tech company founded in 2017 and headquartered in Hyderabad. Founded by former ISRO scientists and aerospace engineers, the company develops small satellite launch vehicles under its Vikram series.
Skyroot successfully launched Vikram-S in 2022, India’s first privately developed rocket, followed by the successful orbital launch of Vikram-I in July 2026. https://www.skyroot.in/
Key Highlights
- Founded in 2017
- India’s leading private space-tech companies
- Flagship Vikram launch vehicle series
- Vikram-I successfully reached orbit in July 2026
- Vikram-I payload capacity of up to ~350 kg to LEO
- Vikram-II planned for payloads of up to ~900 kg to LEO
- Advanced 3D-printing & additive manufacturing technology
- Proprietary rocket engines and propulsion systems
- Strong ISRO ecosystem support
- Backed by leading institutional investors
- Became India’s first space-tech unicorn
- Latest reported valuation: ~$1.1 billion
Business Model
Skyroot’s primary business is commercial satellite launch services, targeting small and medium-sized satellites.
Key Business Areas
Small Satellite Launches: Dedicated and rideshare launches for satellite companies, space-tech startups, research organisations and government customers.
Vikram Launch Vehicles: The Vikram series is designed for different payload requirements, with Vikram-I targeting up to ~350 kg and Vikram-II up to ~900 kg to LEO.
Rocket Engines: Skyroot develops proprietary propulsion systems and uses advanced manufacturing technologies to improve rocket production efficiency.
Launch Vehicle Manufacturing: The company is building capabilities across propulsion, avionics, rocket manufacturing and testing to support higher launch frequency.
Major Milestones
2022 – Vikram-S: Successfully launched India’s first privately developed rocket.
2026 – Vikram-I: Successfully achieved orbit, marking a major transition from technology demonstration to orbital launch capability.
Financial Snapshot
| Particular | FY25 |
|---|---|
| Revenue | ~₹32 Cr |
| Net Loss | ~₹100 Cr |
| Business Stage | Early Commercialisation |
| Profitability | Loss-making |
Skyroot continues to invest heavily in technology, infrastructure and launch capabilities.
Valuation & Market Position
Skyroot became India’s first space-tech unicorn in 2026, with a reported valuation of approximately $1.1 billion (~₹12,500 Cr).
With FY25 revenue of around ₹32 Cr, the implied valuation-to-revenue multiple is approximately 390×, making the current valuation highly dependent on future commercial growth.
Investment Rationale
- Proven Orbital Capability – Successful Vikram-I mission in 2026
- Government Support – Strong policy tailwinds for India’s private space sector
- Growing Market – Rising demand for satellite launches
- Proprietary Technology – Rocket engines and additive manufacturing
- Institutional Backing – Strong investor base
- Manufacturing Potential – Focus on increasing production and launch frequency
- Vikram-II Opportunity – Higher payload capability could expand the addressable market
Risk Factors
| Positives | Key Concerns |
|---|---|
| Proven orbital technology | Low current revenue |
| Strong ISRO ecosystem | Significant losses |
| Government support | High valuation |
| Large potential market | Scale-up & execution risk |
| Successful Vikram-I mission | Future capital requirement |
| Strong institutional investors | Competitive industry |
| Vikram-II growth opportunity | Unlisted-share liquidity risk |
Share Details
Company: Skyroot Aerospace Limited
Status: Private / Unlisted
Industry: Space Technology & Aerospace
Headquarters: Hyderabad, Telangana
Founded: 2017
Flagship Product: Vikram Launch Vehicle Series
Vikram-I Payload: Up to ~350 kg to LEO
Vikram-II Target: Up to ~900 kg to LEO
Latest Reported Valuation: ~US$1.1 Billion
Listing: Not listed on NSE/BSE
Liquidity: Limited
Investment Category: High Growth / High Risk
How to Invest
Investors should verify the current share price, availability, ISIN, share class and implied company valuation before purchasing unlisted shares.
Share Price × Fully Diluted Shares = Implied Company Valuation
Investment View
Skyroot Aerospace – High Growth | High Risk
Skyroot is one of India’s most promising private space-tech companies, with the successful Vikram-I orbital mission significantly reducing technology risk.
The key opportunity is now to move from:
Successful Launch → Repeat Launches → Commercialisation → Scale → Profitability
The major concern is valuation. With a reported valuation of ~₹12,500 Cr versus FY25 revenue of ~₹32 Cr, a significant amount of future growth is already priced in.
Overall: Strong company and technology story, but investors should be highly valuation-conscious. https://www.isro.gov.in/
Disclaimer
The information provided is based on publicly available information and is intended for informational purposes only.
Unlisted shares involve risks including limited liquidity, valuation uncertainty, volatility, dilution and potential loss of capital. Investors should conduct independent due diligence before investing.
For more unlisted stock opportunities visit: https://unlistedcart.com/unlisted-shares/
