Meet the Bengaluru Startup Taking on SpaceX with a Fully Reusable Rocket | FrontPage
AI Summary
Ethereal X, a Bengaluru-based startup founded by former ISRO scientists, is developing the Razer Crest, the world’s first fully reusable medium lift rocket, aimed at revolutionizing satellite launches by reclaiming both the booster and upper stages. With $5 million in seed funding, the Razer Crest MK1 is set to launch in March 2027 and is designed to carry up to 24.88 tons to low Earth orbit, positioning itself as a strong contender against SpaceX’s Falcon 9. India’s space ecosystem is burgeoning with 229 startups enhancing its global competitiveness. Government initiatives, such as venture capital and technology adoption funds, support these innovations aiming for significant revenue growth and global leadership in the space industry by 2033.