Skyroot Aerospace is reportedly in talks to raise $300 million to expand rocket production. The proposed funding includes $150 million from Indian family offices at a $2.3–2.5 billion valuation and another $150 million from global investors at a valuation of up to $3 billion. The discussions remain ongoing, with no confirmed funding agreement.
Skyroot Aerospace is reportedly in discussions to raise $300 million as it looks to expand rocket production following its maiden orbital mission, according to The Economic Times, citing people familiar with the talks.
The proposed financing would comprise two tranches of $150 million each, with different valuations for domestic and international investors.
The company is reportedly discussing an investment with Indian family offices at a valuation of $2.3–2.5 billion. Separately, it is seeking another $150 million from international investors at a valuation of up to $3 billion. The report names General Catalyst, General Atlantic and Benchmark among the global investors involved in discussions.
If completed, the fundraising would provide additional capital for Skyroot’s planned expansion in rocket manufacturing. However, the proposed investment amounts and valuations remain subject to negotiation.
The reported $300 million is a fundraising target, not capital already secured. The outcome of the discussions will determine the final investment size, participating investors and valuation.
The proposed financing would comprise two tranches of $150 million each, with different valuations for domestic and international investors.
The company is reportedly discussing an investment with Indian family offices at a valuation of $2.3–2.5 billion. Separately, it is seeking another $150 million from international investors at a valuation of up to $3 billion. The report names General Catalyst, General Atlantic and Benchmark among the global investors involved in discussions.
If completed, the fundraising would provide additional capital for Skyroot’s planned expansion in rocket manufacturing. However, the proposed investment amounts and valuations remain subject to negotiation.
The reported $300 million is a fundraising target, not capital already secured. The outcome of the discussions will determine the final investment size, participating investors and valuation.