Pixxel plans at least four satellite launches in 2028 under ₹1,200-crore EO programme
AI Summary
Pixxel's ambitious plans to launch multiple satellites as part of its ₹1,200-crore National Earth Observation Constellation program signal a significant shift in the Indian space-tech sector. For retail investors, this could indicate a growing opportunity in satellite and data services, especially as the company aims for sustained revenue growth and profitability by 2028. With a strong focus on government contracts, investors should monitor how Pixxel's expansion impacts its competitive position against other players in the rapidly evolving space industry.
Space-tech startup Pixxel plans to launch at least four satellites in 2028 as part of its ₹1,200-crore National Earth Observation Constellation programme, as the company steps up investments in satellite infrastructure while targeting near-doubling revenue growth almost every year.
Pixxel will directly execute around 60–70 per cent of the programme, translating into an investment of about ₹700–750 crore over the next three-and-a-half years, cofounder and chief executive Awais Ahmed said in an interaction with businessline.
Original Article
Published on Hindu BusinessLine
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