![]() Smallcap expert at Equitymaster Richa Agarwal discussed about a few such stocks in her editorial today. Top Space Stocks that stand as big beneficiariesįor a retail investor, space tech startups won't be a vehicle to ride the boom in the space economy.īut there are a few companies which are directly or indirectly involved in the segment. ![]() The benefits of investing in space technology are vast, including better national security, telecommunications, environmental monitoring and weather forecasting.įinding niche space companies assisting the space tech ventures with advanced technology could turn out to be safe investments over the long run. Most of us take space technology for granted, but everything from GPS to digital imaging was invented in space and brought to Earth by humans. The space segment has many applications, from mapping weather patterns to finding asteroids that may be on course to collide with earth. India currently has 104 space startups and 368 space tech companies, according to official data.Īll sounds exciting, but what are the applications? Until then the space sector was dominated by ISRO. This was when space was opened to the private sector. Most startups resorted to layoffs.Īccording to data shared by the Indian Space Association (ISpA), of the US$245.35 million (m) that the sector has received in the last seven years, US$198.22 m came post-2020. The tech funding and venture capital remained scarce. In 2022 so far, funding to private players in the space sector has jumped 61.5% to US$108.5 million (Rs 8.9 bn).Ģ022 was a year when global liquidity dried up. This policy could allow Indian companies in the space race to take a larger share of the global space market. The government's liberalised space policy is in the final stages of completion. This, on the back of increasing demand, government's push, along with technical expertise and know-how. ![]() Startups including Pixxel and Dhruva Space are eyeing new assembly facilities for satellite manufacturing in India.Ī report noted that the number of private players in India's space tech sector has seen a 100-fold increase in a decade. This was followed by domestic firms looking to set up manufacturing facilities for satellites, to foray into the exciting sector. India's first privately developed rocket, Vikram-S, blasted off earlier this month: An Indian SpaceX moment. After state owned ISRO, the private sector too has made some big moves. Trying to land in spaceĪ different kind of race has emerged, and India is trying to land a spot there. It's probably time to consider this space to potentially make some money and increase your understanding of this fascinating field. In this article, we look at the recent space developments and the space tech stocks that are likely to grow. The sector has generated eye-catching headlines recently with successful rocket launches. ![]() It could be the investment theme for 2023. In a country where space exploration is considered an elite hobby for the rich, India's decision to shoot for the moon and beyond could change everything. The space program has come a long way since its humble beginnings. In 1960s, with an objective of developing space flight capabilities in the country, ISRO was launched. Revenues for the segment estimate around US$10 billion (Rs 816.5 bn), only 2% of the global total. The country is on its way to own a slice of the trillion-dollar global aerospace and defence industry. Not many people know this, but India has a strong presence in different aspects of the space industry, including aerospace engineering and astronautics. Space Stocks in India: An Overlooked Investment Theme With the government's increased focus on space technology and private companies entering the industry, the future looks bright for space stocks.Īs the industry is still in its early stages, now is the perfect time to keep an eye on these companies and their potential.
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