Chandrayaan-3 paves the way for a megatrend in space stocks
Chandrayaan-3's successful lunar landing at the southern pole establishes it as the first nation to attain this distinction. ISRO is “The Mastermind” behind the success.
It has demonstrated India's robust space research capabilities and dynamic technological growth to the world. That’s not all, it has also paved the way for a mega trend in space stocks.
There are several missions lined up after Chandrayan 3:
Gaganyaan: Envisages to send humans in a spaceflight for 3 days and bring them back safely.
Aditya L1: Mission to launch a spacecraft for the study of the Sun, which provides details of solar activities and their effect on space weather in real-time.
XPoSat: 1st dedicated X-ray Polarimeter Satellite, to study various dynamics of bright astronomical X-ray sources in extreme conditions.
NISAR: An observatory being jointly developed by ISRO & NASA.
Each of these missions will require several components and services from the corporate sector leading to increased revenues for them.
In 2020, the Indian Space Sector stood at $9.6 billion, making up 2%-3% of the global space economy.
Projections indicate growth to $13 billion by 2025. A growing pie will help all the players in the industry.
There are second and third-order changes to ISRO’s Chandrayan success, which not many people are talking about.
The commercial wing is called New Space India Ltd (NSIL), whose business activity includes manufacturing The Polar Satellite Launch Vehicle (PSLV), and Small Satellite Launch Vehicle (SSLV), and provides launch services to countries and private corporations.
NSIL started operations in FY 2019-20.
