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Indian rocket companies aim to reduce satellite costs by 50D44.

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Indian rocket companies aim to reduce satellite costs by 50D44.

The startup behind India’s first private space launch plans to put the satellite into orbit in 2023.

The Hyderabad-based company is backed by Singapore’s sovereign wealth fund GIC The company said it will use the $68 million raised for its next two launches.

Thousands of small satellite launches planned over the next few years as companies build networks to provide broadband services like SpaceX’s Starlink and power applications such as supply chain tracking and offshore oil platform monitoring It has been.

In Japan, Space One, backed by Canon Electronics and his IHI, plans to launch 20 small rockets a year by the mid-2020s.

India has opened its doors to private space companies with a new agency to review regulations and encourage private sector launches in 2020.

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