Isro chief endorses Musk's model for space research

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Isro chief endorses Musk's model for space research

^{Published on 2024-11-29 17:32:11 - Tim Hastings, N@N}

Somnath noted that despite India's reputation as a space power owing to recent successes, its share in the $386 billion global space economy remains at just 2%, or $5 billion.

The article from Financial Express discusses ISRO Chairman S Somanath's endorsement of Elon Musk's model for space research, emphasizing the importance of private sector involvement in space exploration. Somanath highlighted the need for a collaborative approach between government and private entities, similar to what SpaceX has achieved under Musk's leadership. He praised the model where private companies not only participate but also innovate and drive down costs, making space more accessible. This approach, according to Somanath, could help India in its space ambitions by fostering an ecosystem where both public and private sectors contribute to technological advancements and economic benefits. He also mentioned the potential for India to become a significant player in the global space industry by adopting such a model.

Read the Full The Financial Express Article at:
[ https://www.financialexpress.com/life/science-isro-chief-endorses-musks-model-for-space-research-3680453/ ]

Contributing Sources

Tim Hastings

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