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Pixxel to launch India's first private satellite network

Financial Express Kochi

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January 14, 2025

PIXXEL IS SET to launch three of its six hyperspectral imaging satellites aboard a SpaceX rocket from California on Tuesday, the first such network in India's nascent private space sector, Pixxel's chief told Reuters.

- NIVEDITA BHATTACHARJEE

The satellites will be placed in a sun-synchronous orbit at roughly 550 km, with the remaining three slated for deployment in the second quarter of the year.

The launch is scheduled to take place at the Vandenberg Space Force Base at around 1845 GMT on Tuesday - just after midnight the next day in India - subject to final approvals.

Pixxel's founder and chief executive Awais Ahmed told Reuters that it plans to add 18 more spacecraft to the six it has already developed, eyeing a share of the satellite imaging market projected to reach $19 billion by 2029.

The launch is a milestone for India's nascent private space sector and for Google-backed Pixxel, a five-year-old startup.

It aims to use hyperspectral imaging -- a technology that captures highly detailed data across hundreds of light bands -- to serve industries such as agriculture, mining, environmental monitoring, and defence.

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Bets of RBI buying, lower state debt sale lift bonds

BENCHMARK GOVERNMENT BONDS gained for a third straight session on Thursday as traders grew more confident of the buying support from the Reserve Bank of India (RBI) and ahead of another reduction in state debt auctions next week.

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PhonePe IPO: Walmart to sell ₹9,173-cr stake

Walmart’s weighted average cost of acquisition is ₹1,996.8 a piece, making these shares worth around ₹9,173 crore.

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Battery PLI loses charge

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IAF’s new ‘Sindoor’ formation on R-Day

FIGHTER JETS OF the Indian Air Force will fly in a special Sindoor formation at the Republic Day flypast this year,ina significant display of India’s air power.

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Bangladesh defiant: Will play, not in India

AFTERICC ULTIMATUM ON WORLD CUP PARTICIPATION

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SAT directs Avadhut Sathe Academy to deposit ₹100 cr

THE SECURITIES APPELLATE Tribunal (SAT) on Thursday accorded a partial relief to Avadhut Sathe and his trading academy against the Securities and Exchange Board of India’s (Sebi) order of impounding %546 crore and imposing trading restrictions.

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P&G misses Q2 revenue estimates

PROCTER & GAMBLE'S Q2 revenue fell slightly short of Wall Street expectations on Thursday, as weak spending by US consumers and the hit from a government shutdown offset stronger growth globally.

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Brokerages flag margin risks post Eternal Q3 show

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AI gets a seat at the C-suite hiring table

Algorithms do leadership searches but the final call stays human

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IIFL Finance Dec qtr profit rises multifold

IIFL FINANCE, A non-banking financial institution (NBFC) providing gold loans and business loans, on Thursday said its December quarter net profit grew multifold to ₹501 crore as compared to the year-ago period.

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