Hyderabad start - up Phoenix Space is looking to capitalise on a draft bill which would allow private companies to enter the space industry , and is developing a rocket that can be assembled and launch small satellites into low - Earth orbit on the same day . “Solid propulsion is the cheapest option for small launchers and cryogenic propulsion is complex, but provides the best efficiency and is highly scalable for larger vehicles.” Phoenix , whose founders have experience in both solid and cryogenic propulsion , claims its rocket could reduce costs by up to one third , and plans to demonstrate their first model by 2021 .
Hyderabad start - up Phoenix Space is looking to capitalise on a draft bill which would allow private companies to enter the space industry , and is developing a rocket that can be assembled and launch small satellites into low - Earth orbit on the same day . Phoenix , whose founders have experience in both solid and cryogenic propulsion , claims its rocket could reduce costs by up to one third , and plans to demonstrate their first model by 2021 .