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 .
Hyderabad start-up Skyroot Aerospace is looking to capitalise on a draft bill which would permit 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. Skyroot, whose founders have experience in both solid and cryogenic propulsion, said its rocket could reduce costs by up to one third, and aim to demonstrate their first model by 2021.