Indian SpaceX Rival EtherealX Hits 5x Valuation as it Readies Engine Tests

EtherealX, an Indian company rivaling SpaceX, has reached a 5x valuation as it prepares to test its engines and build a 150-acre rocket campus in India. The company is targeting a 2027 launch mission and is making significant progress in its development.

EtherealX's valuation increase is a testament to the growing interest in space exploration and the potential for Indian companies to play a major role in this field. The company's focus on reusability and its plans for a 2027 launch mission demonstrate its commitment to innovation and its ambition to become a major player in the space industry.

The development of EtherealX's rocket campus in India is also significant, as it will provide a hub for the company's operations and serve as a center for innovation and development. The campus will feature state-of-the-art facilities and will be equipped with the latest technology, enabling EtherealX to push the boundaries of space exploration.

EtherealX's progress is a welcome development for the Indian space industry, which has been growing rapidly in recent years. The company's achievements demonstrate the potential for Indian companies to make a significant impact in the space sector and contribute to the country's growing reputation as a hub for innovation and technology.

Sources

[2] Indian SpaceX rival EtherealX hits 5x valuation as it readies engine tests