Startups spurring the new wave of space revolution in India

Privatisation of the space sector in the USA started at the end of 1984 when Ronald Reagen signed the Commercial Space Launch Act, thereafter two policies were announced in the next decade which set the stage for privatisation. However, the entry of serious players took place in the 2000s with the entry of Starlink, Blue Origin, Virgin Galactic and many others. This period also saw the growth of many startups in the USA and the New Space phenomena came into being. As of today, as per the Space-tech report 2021, USA has the largest number of space tech companies in the world. There are a total of 5500 Space-tech companies. The next country, the UK, has about 3000 space-tech companies. Interestingly, India stands in the fifth position with 365 companies, slightly ahead of China.