Page 16 - Space

Analysts remain selective on space-related stocks as govt eases FDI norms

Valuations wise, most are trading at price to equity multiples of 50-100 times on a 12-month trailing basis, data from BSE shows. Apollo Micro Systems, for instance, commands a PE of 152 times

Aditya-L1 mission's 'PAPA' detects first solar wind impact from the Sun

Advanced sensors of a payload on board India's maiden solar mission Aditya-L1 have successfully detected the impact of coronal mass ejections (CMEs), according to ISRO. The payload -- Plasma Analyser Package for Aditya (PAPA) -- is an energy and mass analyser designed for in-situ measurements of solar wind electrons and ions in the low energy range, the space agency noted. It has two sensors: the Solar Wind Electron Energy Probe (SWEEP, measuring electrons in the energy range of 10 eV to 3 keV) and the Solar Wind Ion Composition Analyser (SWICAR, measuring ions in the energy range of 10 eV to 25 keV and mass range of 1-60 amu). The sensors are also equipped to measure the direction of arrival of solar wind particles. The data collected by PAPA, developed by the Space Physics Laboratory and Avionics Entity of the Vikram Sarabhai Space Centre, revealed the occurrence of CME events, notably on December 15, 2023, and during February 10-11, 2024. "The CME on December 15, 2023, was a ..

Space industry says easing of FDI norms will pave way for innovation

India's nascent private space industry on Thursday welcomed the easing of FDI policy for the sector, terming it as a "pivotal move" to boost investments and help the country increase its share in the global space economy. "The easing of FDI norms will have a similar impact on the space sector as the 1991 liberalisation policy had on the overall economy," Tushar Jadhav, co-founder and Chief Executive Officer Manastu Space told PTI. Industry leaders said the government decision to permit 100 per cent overseas investment in making components for satellites and up to 49 per cent FDI through the automatic route for launch vehicles and associated systems or subsystems, creation of spaceports for launching and receiving spacecraft has given the much needed clarity for the sector. Several industry leaders cited examples of how foreign investors were hesitant to invest in the space sector through the government route, which was the case earlier, due to a series of approvals that were require

Govt eases FDI norms in space sector; 100% in satellites components

The government on Wednesday eased Foreign Direct Investment (FDI) norms in the space sector by allowing 100 per cent overseas investment in making components for satellites, as part of efforts to attract overseas players and private companies into the segment. The decision was taken at the Cabinet meeting chaired by Prime Minister Narendra Modi. Now, the satellite sub-sector has been divided into three different activities with defined limits for foreign investment in each such sector, according to an official statement. Presently, FDI in the space sector is allowed up to 100 per cent in the area of satellite establishment and operations through government route only. By changing the current policy, the government has allowed up to 74 per cent FDI under automatic route in satellites-manufacturing and operation, satellite data products, and ground and user segments. Beyond this limit, government approval will be required in these areas for FDI, it said. Up to 49 per cent FDI is al

Putin says Russia has no intention of putting nuclear weapons in space

Russian President Vladimir Putin declared on Tuesday that Moscow has no intention of deploying nuclear weapons in space, claiming that the country has only developed space capabilities similar to those of the US. Putin's statement follows the White House confirmation last week that Russia has obtained a troubling anti-satellite weapon capability, although such a weapon is not operational yet. White House national security spokesman John Kirby said it would violate the international Outer Space Treaty, but declined to comment on whether the weapon is nuclear-capable. The treaty signed by more than 130 countries, including Russia, prohibits the deployment of nuclear weapons or any other kinds of weapons of mass destruction in orbit or the stationing of weapons in outer space in any other manner. The White House said it would look to engage the Russians directly on the concerns. Our position is quite clear and transparent: we have always been and remain categorically opposed to the ...

Ananth Technologies claims crucial role in 55 modules for launch system

For the satellite INSAT-3DS, ATL has supplied complete power control system, solar array generation system, power distribution system, DC-DC power converters, star sensors

Countdown for launch of INSAT-3DS meteorological satellite begins: Isro

The countdown for the launch of INSAT-3DS meteorological satellite onboard a Geosynchronous Launch Vehicle commenced on Friday, the ISRO said on Friday. The lift-off for the GSLV-F14 in its 16th mission is scheduled at 5.35 pm on Saturday from the Satish Dhawan Space Centre in Sriharikota. The INSAT-3DS satellite is a follow-on mission of the third generation meteorological satellite to be placed in a geostationary orbit, and it is fully funded by the Ministry of Earth Sciences. "GSLV-F14/INSAT-3DS Mission: 27.5 hours countdown leading to the launch on February 17, 2024 at 17.35 hrs has commenced" ISRO said.

Elon Musk pushes forward on transfer of legal home for SpaceX to Texas

Elon Musk is looking to move the legal home of SpaceX to Texas from Delaware after a judge in that state voided the billionaire's USD 55.8 billion Tesla pay package. A certificate of conversion for Space Exploration Technologies Corp. was filed to reincorporate in Texas from Delaware, which became effective on Wednesday. SpaceX has moved its state of incorporation from Delaware to Texas! If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible, Musk said in a post on X, formerly known as Twitter. The change by SpaceX comes just days after Musk's brain implant company Neuralink moved its legal corporate home from Delaware to Nevada. Musk is a co-founder of the privately held Neuralink. Most corporations set up legal shop in Delaware because state law is typically favorable to corporations and experts say the change could backfire. Last month Delaware Chancellor Kathaleen St. Jude McCormick invalidated the pay package that Tesla ..

Beyond Pluto: Hunt for the elusive Planet Nine set to intensify this year

With the Vera Rubin Observatory due to start operating in mid-2024, the hope is that the mystery around the planet will be solved

India's ambitious plans on space station on track: Chandrayaan-3 director

India's ambitious plans to have its own space station by 2035 and have an Indian astronaut on the moon by 2040 are progressing on track, Project Director of ISRO's Chandrayaan-3 mission, P Veeramuthuvel said on Saturday. "Prime Minister Narendra Modi and ISRO chairman have already said that by 2040 we should have an Indian astronaut on the moon and also to have our space station by 2035. These are very ambitious plans that ISRO has taken up and we are working towards that, he told PTI here. On ISRO's success in bringing back the Propulsion Module (PM) of the Chandrayaan-3 spacecraft to Earth's orbit, Veeramuthuvel said, as far as Chandrayaan-3 is concerned, the lander and rover mission successfully completed one lunar day. We successfully completed the hop on experiment wherein we used the same engine where we landed and again we operated the payload for one earth day, the ISRO scientist added. The propulsion module which was supposed to orbit around the moon met all the mission ..

Space regulator IN-SPACe release plans for 30 launches over next 14 months

India's space regulator IN-SPACe on Thursday said about 30 space launches, including seven by private startups Skyroot and Agnikul, are scheduled in the fourth quarter of 2023-24 and the next fiscal. The Integrated Launch Manifesto for space launches announced by the Indian National Space Promotion and Authorization Centre (IN-SPACe) include seven launches related to the Gaganyaan mission, two launches each of ISRO's newest rocket the Small Satellite Launch Vehicle (SSLV) and the warhorse PSLV developed by an industry consortium. Chennai-based Agnikul Cosmos is scheduled to launch its first 3-D printed rocket Agnibaan-SOrTeD for the fourth quarter of the current fiscal year. The maiden flight of the Agnibaan rocket will be a sub-orbital mission. The other launches this fiscal year include that of GSLV-F14 to put the INSAT-3DS satellite in orbit to augment weather forecasting, disaster management, and related meteorological services. The third development flight of SSLV is also ...

History set to be made: India's first pvt launchpad readies for takeoff

Agnibaan is a two stage launch vehicle with the capability to carry up to 100 kilo gram payload to an extent of around 700 km to the lower earth orbit

MRPL earns certification from IAQG for distribution of aviation fuel

The Mangalore Refinery and Petrochemicals Limited (MRPL) has been certified with AS9100:D standard prepared by International Aerospace Quality Group (IAQG) to assure customer satisfaction in aviation, space, and defence organisations under the scope of 'production, storage, testing and distribution of aviation turbine fuel.' MRPL is India's first refinery to get this new aerospace standard. The aerospace industry demands the utmost precision, reliability, and safety in its supply chain. As a certified organisation, MRPL is now well-positioned to serve as a trusted partner to aerospace companies within India and globally, a release from the MRPL said on Wednesday. The standard ensures the interaction and configuration of various processes, from sourcing raw materials to the final product certification. The certification process involves a stage audit of the entire life cycle of ATF, involving production criticalities like the addition of qualified additives and catalysts, ...

China accuses US of 'exaggerating threat in space' to boost forces

Wang Wenbin's remarks came after the US Space Force released an assessment report, which claimed that Russia and China are designing and testing counter-space weapons

Isro gears up for INSAT-3DS satellite launch, flags it off to Sriharikota

ISRO on Saturday said its meteorological satellite INSAT-3DS has been flagged off to Satish Dhawan Space Centre (SDSC) SHAR at Sriharikota for the launch onboard GSLV F14. The satellite had successfully completed satellite assembly, integration and testing activities at U R Rao Satellite Centre, Bengaluru. The satellite is a user-funded project with the Ministry of Earth Science (MoES), configured around ISRO's I-2k bus platform with a lift-off mass of 2275 kg. Indian Industries have significantly contributed in the making of the satellite. According to sources, the space agency is said to be aiming for a mid-February launch. "INSAT-3DS, is an exclusive meteorological satellite realised by ISRO with the primary objective to provide continuity of services to the existing in-orbit INSAT-3D and 3DR satellites and significantly enhancing the capabilities of the INSAT system," ISRO said. It was flagged off to SDSC-SHAR launch port in Andhra Pradesh on January 25, it said, adding that .

Space industry seeks liberal FDI policy, PLI scheme in Union Budget

India's nascent space sector has sought a liberal FDI policy on a par with the defence industry and production-linked incentive in the interim Budget that the government will present next week. The industry body Indian Space Association (ISpA) has also sought GST exemption for satellites, launch vehicles and ground equipment manufacturing, lower tax rates for external commercial borrowings and reduction of satellite sector withholding tax from 10 per cent to two per cent, given the low profit margins. "Our expectation is for enabling a more liberal FDI (foreign direct investment) policy in the space sector. As of now, even one per cent of FDI has to go through the government approval route and that takes months and months," Awais Ahmed, founder and CEO of Pixxel, a Bengaluru-based start-up, told PTI. "The defence sector has 74 per cent FDI through the automatic route. Beyond that, you have to go for the government route. At least matching what is there for the defence side would be

Private funding key to capture 20% of $1 trn space economy: Ex-Isro chief

The global space economy will touch the $1 trillion mark in the coming years and private investment is crucial to take India's share in it from present 2-4 per cent to 20 per cent, said former chairman of the Indian Space Research Organisation (ISRO) A S Kiran Kumar on Thursday. He was addressing entrepreneurs at the launch of LIBF EXPO 2024' organised by Lohana International Business Forum at the Helipad Exhibition Centre in Gandhinagar. India is now the fifth biggest economy in the world and is marching ahead to become the third largest economy in the near future. We will need the participation of a large number of private entrepreneurs to achieve that target, Kumar said in his address as the chief guest of the inaugural ceremony. Global space economy would reach the $1 trillion-mark in the coming years, he said. India's share in that economy, such as making launch vehicles or satellites, is just 2 to 4 per cent at present. If we want to capture a 20 per cent share in the future,

Chronology of Isro's Aditya-L1's journey from launch to Lagrange-1 point

It's the 'VikramAditya' era for ISRO in space exploration in the last six months. Close on the heels of the success of the country's lunar mission Chandrayaan-3 in August where the space agency successfully landed 'Vikram' lander in the south poll of moon, its Aditya spcaecraft settled in its final destination to study the Sun on Saturday. Following is the chronology of events related to Aditya L1. September 2, 2023: ISRO launches Aditya-L1 onboard PSLV-C57. September 3: First Earth-bound maneuver performed successfully, attaining an orbit of 245 km x 22459 km. September 5: Second Earth-bound maneuver performed successfully. The new orbit attained was 282 km x 40225 km. September 10: Third Earth-bound manoeuvre attains new orbit of 296 km x 71767 km. Setpember 15: Fourth Earth-bound manoeuvre to achieve new orbit 256 km x 121973 km performed successfully. September 18: Aditya-L1 commenced the collection of scientific data. September 30: The spacecraft escaped the sphere of Ea

Another grand feat accomplished by Isro: Prez Murmu on success of Aditya L1

President Droupadi Murmu on Saturday congratulated ISRO for successfully placing India's first solar observatory Adiyta-L1 into its destination orbit, and said the mission will benefit the entire humanity. "Another grand feat accomplished by ISRO! As part of India's maiden solar mission, Aditya L1, the observatory has been placed in the final orbit and reached its destination at Lagrange Point 1," Murmu said in a post on 'X'. "Congratulations to the entire Indian scientist community for the great achievement! This mission will enhance our knowledge of the Sun-Earth System and benefit the entire humanity," she added. Murmu also said that the significant participation of women scientists in ISRO missions "takes women empowerment too onto a higher orbit". The Indian Space Research Organisation (ISRO) on Saturday placed Adiyta-L1 into its destination orbit Lagrange Point 1. The Lagrange point 1 (L1) of the Sun-Earth system is about 1.5 million kilometres from the Earth. It is about one

Isro puts Aditya-L1 spacecraft in final destination orbit, PM hails feat

ISRO on Saturday successfully placed Adiyta-L1, the first space-based Indian observatory to study the Sun, into its destination orbit Lagrange Point-1. Prime Minister Narendra Modi made the announcement on ISRO's latest feat. "India creates yet another landmark. India's first solar observatory Aditya-L1 reaches its destination. It is a testament to the relentless dedication of our scientists in realising among the most complex and intricate space missions." "I join the nation in applauding this extraordinary feat. We will continue to pursue new frontiers of science for the benefit of humanity," he said in a post on micro-blogging site 'X.' The Lagrange point 1 (L1) of the Sun-Earth system is about 1.5 million km from the Earth. It is about one per cent of the total distance between the Earth and the Sun. A satellite in a halo orbit around the L1 point has the major advantage of continuously viewing the Sun without any occultations/ eclipses, ISRO officials said, adding, this will