Indian SpaceX rival EtherealX hits 5x valuation as it readies engine tests
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EtherealX, an Indian aerospace startup, is significantly increasing its valuation by five times as it prepares for engine tests. The company is also developing a substantial 150-acre rocket campus in India, aiming for a launch mission in 2027. This ambitious project highlights the growing capabilities and aspirations of the Indian space industry.
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📚Bağlam ve Tarihsel Perspektif
The Indian space industry has seen a surge in private sector involvement, with companies like EtherealX positioning themselves as key players in the global space race. The establishment of a dedicated rocket campus indicates a long-term commitment to advancing technology and infrastructure in the country.
This article is based on information from TechCrunch and may not reflect the latest developments in the industry.
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