Indian SpaceX Rival EtherealX Hits 5x Valuation as it Readies Engine Tests
EtherealX valuation hits $80.5M as the Indian space startup readies hot-fire tests for its reusable rocket engines in 2026.
Matilda
Indian SpaceX Rival EtherealX Hits 5x Valuation as it Readies Engine Tests
EtherealX Valuation Soars 5x as Indian SpaceX Rival Prepares Critical Engine Tests India’s private space race just got a major boost. Ethereal Exploration Guild—better known as EtherealX—has seen its valuation surge more than fivefold to $80.5 million following a $20.5 million Series A funding round. The Bengaluru-based startup is now gearing up for pivotal engine hot-fire tests this summer, a crucial step toward its goal of launching a fully reusable rocket by 2027. With global satellite operators hungry for affordable, flexible launch options beyond SpaceX, EtherealX is positioning itself as India’s answer to the new space economy. Credit: EtherealX Why EtherealX Is Drawing Global Attention In a market long dominated by government agencies and a handful of U.S. players, EtherealX stands out as one of India’s most ambitious private space ventures. Unlike many startups focusing on small satellites or niche components, EtherealX is building an end-to-end launch system designed from the gro…
