TDK Ventures, Accel set to back India’s EtherealX in reusable launch vehicle push: Sources
PositiveArtificial Intelligence
- TDK Ventures and Accel are reportedly set to invest in India's EtherealX, which is developing a fully reusable rocket aimed at competing with SpaceX's Falcon 9. This initiative marks a significant step in India's aerospace sector, as EtherealX seeks to establish itself in the growing market for reusable launch vehicles.
- The backing from prominent investors like TDK Ventures and Accel is crucial for EtherealX, as it provides the necessary capital and credibility to advance its technology and operational capabilities. This investment could enhance India's position in the global space race, particularly against established players like SpaceX.
- The emergence of EtherealX highlights a broader trend in the aerospace industry, where multiple companies are striving to develop reusable launch systems. As SpaceX prepares for a potential public offering with a valuation of $2.9 trillion, the competitive landscape is intensifying, with other nations, including China, also making strides in reusable rocket technology.
— via World Pulse Now AI Editorial System
