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Temasek-backed spacetech Skyroot sees 2X revenue growth in FY24 amid widening losses

  • Temasek-backed spacetech firm Skyroot Aerospace reported a two-fold increase in revenue in FY24.
  • The company earned Rs 29 crore in revenue, primarily from interest income.
  • However, the company's losses widened due to higher expenses, reaching Rs 55.5 crore in FY24.
  • Skyroot Aerospace is focused on the development of its launch services, including the Vikram-1 orbital launch vehicle.

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