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πŸ“° News ⏱ 2 min
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Key Points

5 points
1

Current space economy value is around eight billion United States dollars.

2

Target for 2030 is roughly forty‑to‑forty‑five billion United States dollars.

3

More than four hundred private space start‑ups are working on rockets and satellites.

4

Vikram‑1 is the first privately built launch vehicle that can carry 350 kilograms to orbit.

5

Upcoming missions: Chandrayaan‑4 to bring Moon rocks back, and Gaganyaan to fly Indian astronauts.

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Summary

The government wants the space economy to become about forty‑to‑forty‑five billion United States dollars by 2030.

Private rockets like Vikram‑1 can put small payloads into low Earth orbit.

Big plans include a Moon mission, a space station, and sending Indian astronauts on Gaganyaan.

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New Words to Learn

10 words
economy
the way money and business work in a country
private
owned by companies or individuals, not the government
technology
tools and machines made using scientific knowledge
partnership
when two or more groups work together on a project
launch vehicle
the rocket that carries a satellite or spacecraft into space
payload
the thing a rocket carries, such as a satellite or scientific equipment
low Earth orbit
a path close to Earth where satellites travel
Moon landing
when a spacecraft touches down on the surface of the Moon
sample‑return
a mission that brings material back from another place, like the Moon
crew
people who travel together on a spacecraft
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