Skyroot expects to reduce satellite launch cost by 50%: Founders

Founders of Skyroot Aerospace, the startup behind India's first private rocket launch from last week, expect to cut the cost of a satellite launch by 50% compared with current pricing for its competitors like Virgin Orbit. The Hyderabad-based company plans to put a satellite into orbit in 2023. Skyroot intends to launch next two satellites with $68 million raised funds.