Latest news with #BellatrixAerospace
Time of India
19-05-2025
- Business
- Time of India
Indian space-tech startups set offices, mfg facilities in US
Chennai: To scale up their business and gain access to the lucrative space-technology market, an increasing number of domestic space-tech startups are setting up subsidiaries and office facilities in the US. This helps them to gain access to the market as companies prefer domestic vendors, while some companies go a step further in US expansion by setting up local manufacturing facilities. Yashas Karanam, co-founder and chief operation officer of Bellatrix Aerospace said, 'Having a US presence supports our market expansion goals. Accessing the US government sector often necessitates having a local office or subsidiary for foreign companies. Additionally, many US entities prefer working with US-based partners. These factors collectively make a US presence crucial for growth and market access,' he said. Startups like Bellatrix, a satellite propulsion maker and Digantara, which focuses on space surveillance and intelligence, have already recently announced US operations, including subsidiaries and manufacturing facilities while players like GalaxEye plans to set up offices. Better market opportunity as the US represents over 50% of the global space market and better funding opportunities are some of the major drivers for startups to establish a US presence. Lt Gen AK Bhatt (retd), director general of Indian Space Association (ISpA) said setting up local entities will help navigate regulatory requirements, adding that the window of opportunity in the next three years is very critical for Indian companies tapping the global markets. 'To be relevant global players and have an early mover advantage, startups should have their products tested in space sooner. More companies need to validate their technology and some need to prove with orbital launches,' he said. While growing, the current domestic market, primarily driven by defence application and increasing interest from private players, is limited. Bhatt acknowledged the effort made to boost domestic demand, and said a lot more needs to be done. The US space technology market is estimated at $231 billion and market research reports estimate it to reach $348 billion by 2030. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Japan Times
21-03-2025
- Business
- Japan Times
Japan's space debris firm Astroscale to tie up with Indian companies
Japan's Astroscale, a company specializing in removing orbital junk, has agreed with Bengaluru-based space companies Digantara and Bellatrix Aerospace to collaborate on technology and services, it said on Friday. The tie-ups will "hopefully" result in an orbital services bid for Indian clients "in one to two years," which would mark Astroscale's first operations in Asia-Pacific outside its home, President Eddie Kato said. "India has been on our top list of possible markets" with established space capabilities, where Astroscale's on-orbit servicing technology would meet demand, Kato said. Astroscale is also interested in South Korea, Taiwan, Indonesia and Australia, he added. "India's space policy used to be rather protectionist, but we've seen very rapid moves to bolster ties with the United States and liberalize the market for commercial actors — even fostering them," Kato said. The agreement did not contain any monetary terms. India has opened the country's space sector to private players beyond the state-owned Indian Space Research Organisation (ISRO) and created a 10 billion-rupee ($116 million) fund to support startups. At home, Astroscale is working with the Japan Aerospace Exploration Agency (JAXA) to demonstrate a commercial debris removal mission in 2027. It has also won orders from the U.S. Space Force and the space agencies of Britain and France, which include experimental services to extend a satellite's lifespan. As the number of orbiting satellites increases, potential collisions could create more than $500 million in risk over the next five years, according to an industry estimate. Digantara provides space situational awareness services to monitor orbital objects and has contracts with multiple U.S. defense agencies. Bellatrix Aerospace manufactures satellite propulsion systems. With the partners, Astroscale would first provide on-orbit services for Indian government clients, Kato said. The partnership would "help unlock new market opportunities across both established and emerging space economies," Digantara's Vice President Shreyas Mirji said in a statement. It "marks a significant step for us as we venture into the Japanese market," said Bellatrix chief executive Rohan M Ganapathy. The move was the latest budding tie-up between Japanese and Indian space companies, such as between moon explorer Ispace and rocket maker Skyroot, as well as SKY Perfect JSAT-affiliated Orbital Lasers and robotics firm InspeCity. The Indian and Japanese governments will hold their third round of "space dialogue" policy talks in Tokyo in coming days, officials say.
