How Much Profit ISRO Made on The Launch of World Record 104 Satellites?
Yesterday, ISRO (India Space Research Organisation) has launched record 104 satellites beating Russia's record which was 37 satellites in one go. The record launch has established more credibility of ISRO in international space market.
Apart from technology and its 100% successful foreign satellite launches, ISRO also challenging other international players on the pricing point. As per the data available, for a satellite launch SpaceX (company owned by Elon Musk) charge around USD 60 million, while ISRO charged an average of USD 3 million per satellite between 2013 and 2015.
Last year in FY16, ISRO made 239 crore through commercial launch. The forex revenue for ISRO's commercial arm, Antrix Corporation, went up 204.9 percent in 2015. In 2016, ISRO launched 10 Indian satellites and 22...