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How Much Profit ISRO Made on The Launch of World Record 104 Satellites?

16Feb By PriyankaNo Comments

INDIA

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...

Amazon’s Jeff Bezos Unveils New Rocket to Compete With SpaceX

13Sep By reutersNo Comments

News

Amazon’s Jeff Bezos Unveils New Rocket to Compete With SpaceX

Jeff Bezos on Monday unveiled a heavy-lift reusable rocket expected to compete against Elon Musk's SpaceX and other companies for commercial satellite launches before the end of the decade. Bezos' Kent, Washington-based Blue Origin space company is designing two versions of the rocket, named New Glenn, a nod to John Glenn, the first American to orbit Earth and the last surviving member of NASA's original Mercury Seven astronauts. "New Glenn is designed to launch commercial satellites and to fly humans into space," Bezos, also the founder and chief executive of Amazon.com, said in a statement emailed to Reuters on Monday. Both versions of New Glenn will use a first stage powered by seven methane-burning BE-4 engines. The company is building a launch site and test facility a...

Warehouse Demand For E-commerce Firms Increases 22% in 2015: Study

31May By NitishNo Comments

ANALYSIS

Warehouse Demand For E-commerce Firms Increases 22% in 2015: Study

E-commerce has emerged as one of the key drivers for warehouse realty after third party logistics operators in 2015, a recent study by property consultant CBRE South Asia. Third party logistics operators constituted 30 per cent of the total demand for warehouse realty followed by e-commerce at 22 per cent. Nearly 2 million sqft of warehousing space was taken up by e-commerce firms in 2015, which is a significant jump as the share of the sector rose from a meagre 2 per cent of the total warehousing demand in 2012, to around 22 per cent during 2015. On the same lines, office space demand from e-commerce firms witnessed a 170 per cent year-on-year growth?from 7 lakh sqft in 2014 to 2 million sqft in 2015. "Investors have begun to show more interest as the growth story of the sector contin...

Why US Companies are Afraid of ISRO (Indian Space Research Organisation)?

22Apr By NitishNo Comments

News

Why US Companies are Afraid of ISRO (Indian Space Research Organisation)?

Amid the US push to expand cooperation with India in the space sector, the country's nascent private space industry has expressed its opposition to the large-scale use of low-cost ISRO launch vehicles for putting American satellites into orbits. Such a move, corporate leaders and officials of the fast- emerging American private space industry told lawmakers this week would be detrimental to the future health of the private sector US space companies as it would be tough for them to compete against low-cost Indian Space Research Organisation (ISRO) launch vehicles, which they alleged are subsidised by the Indian government. "I think the concern about using Indian boosters is not so much the transfer of sensitive technology to a nation that is a fellow democracy, but rather whether the In...

Facebook will now deliver internet from space

6Oct By AnkitaNo Comments

News

Facebook will now deliver internet from space

Facebook said on Monday, that it would launch a satellite called AMOS-6 in partnership with France's Eutelsat Communications to bring Internet access to large parts of sub-Saharan Africa. The satellite is a part of Facebook's long-term goal, Internet.org, to expand internet access mainly in rural areas via mobile phones. (more…)