EtherealX Secures Major Funding, Aims to Capture 30-40% Launch Market

EtherealX, a new space startup, has raised significant funding from TDK Ventures, BIG Capital, and Accel. Founded by Manu J. Nair, Shubhayu Sardar, and Prashant Sharma, they aim to compete with SpaceX with their Razor Crest Mark One rocket. This fully reusable medium-lift launch vehicle, capable of carrying up to eight tons into low Earth orbit, is set to launch in early 2027. EtherealX has secured land in Tamil Nadu and is developing crucial components like the Pegasus two point zero engine. India, with its unique advantages, is poised to capture eight to ten percent of the global commercial space market by 2030, with private startups like EtherealX playing a significant role.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.