homescience NewsA look at countries with commercial space missions and their private players

A look at countries with commercial space missions and their private players

With Skyroot Aerospace launching India’s first private commercial rocket, India has joined the new era of the private space race. The US (and its private space companies like SpaceX, Blue Origin and Virgin Galactic) is in the lead for now, followed by the EU, Russia and China. Keep watching this 'space.'

By CNBCTV18.com Nov 18, 2022 9:58:40 PM IST (Published)

5 Min Read

Commercial space launches have taken a new turn with the entry of private companies into the business in recent times. While the space launch market wars began in the 1950s, the entry of private players came much later. Today, there are several private players aiming for commercial missions from countries, including newer entrants like India and China.

So far, in the history of the space industry, the US has the record for the highest number of commercial space launches, followed by the European Union and Russia. China and India have also made it to the list of countries with successful commercial space launches in recent times.

Meanwhile, mega private aerospace companies like SpaceX, Blue Origin and Virgin Galactic have also emerged.