CURRENT AFFAIRS

Detailed explanation-1: -It raised $11 million in Series A funding and signed an MoU with Isro to use its facilities and expertise for the development of the rockets in 2021 and went on to test-fire a 3D-printed fully cryogenic engine.

Detailed explanation-2: -Developed over two years by Skyroot Aerospace, a company started in 2018 when India’s space sector was not yet open to private players, Vikram-S is a single stage solid fuel rocket meant to test nearly 80 per cent of all systems and processes before the launch of Vikram-1 scheduled for next year.

Detailed explanation-3: -The rocket– Vikram-S– will be the first space launch vehicle manufactured and operated entirely by a private company in the country - making this the first launch of its kind since the union government opened up the space sector for private industry participation in June 2020.

Detailed explanation-4: -Set up in 2018, Skyroot has successfully built and tested India’s first privately developed cryogenic, hypergolic-liquid, and solid fuel-based rocket engines using advanced composite and 3D-printing technologies.

Detailed explanation-5: -The initials Vikram Ambalal Sarabhai, i.e., a portmanteau of Vikas Engine is a liquid-propellant rocket engine family designed by the Center for Liquid Propulsion Systems in the 1970s.