The Investing Opportunity in India's Chandrayaan Success
historic day for India. The country’s Chandrayaan-3 landed on the lunar south pole. We say this is a historic day for a few reasons.
First, Elon Musk has time and again inspired businesses all over the world to go bigger. And he continues to do so. For example, the brainchild of Musk – SpaceX - is developing the Starship rocket for its satellite launch business as well as to ferry NASA astronauts to the moon’s surface under a US$ 3 billion (bn) contract.
Apart from this, SpaceX is also looking to spend big, around US$ 2 bn, on Starship this year. Make no mistake, SpaceX's list of achievements is truly staggering, especially when you consider the speed with which they have come. Following Musk’s footsteps, India is leaving no stones unturned.
More so rapidly in recent years. Here’s what our Co-head of Research at Equitymaster Tanushree Banerjee wrote in her recent editorial… Chandrayaan-3 is a one of its kind spacetech mission. If Chandrayaan-3 succeeds, India's space sector will capitalise on its reputation for cost-competitive engineering. The Indian Space Research Organisation (ISRO) had a budget of around just ₹6.1 bn (US$ 74 m) for the mission. NASA, by comparison, is on track to spend roughly US$ 93 billion (bn) on its Artemis moon programme through 2025. Chandrayaan-3's success will open a bunch of opportunities for companies involved in the space industry, directly or indirectly. Experts say the success of Chandrayaan-3 might support a future lunar colony, explore mining operations on the moon and eventually more missions to Mars.
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