Skip to content
Search AI Powered

Latest Stories

Pixxel launches India’s first private satellite network

The satellites aim to use hyperspectral imaging, a technology that captures highly detailed data across hundreds of light bands

Pixxel launches India’s first private satellite network

FILE PHOTO: Pixxel logo and Indian flag are seen in this illustration. REUTERS/Dado Ruvic

INDIA's space tech startup Pixxel launched three of its six hyperspectral imaging satellites aboard a SpaceX rocket from California on Tuesday (14).

The satellites were launched at 1915 GMT, just after midnight in India, from the Vandenberg Space Force Base, a live telecast from SpaceX showed. The launch marks a milestone for the country's growing private space sector and for Google-backed Pixxel, a five-year-old startup.


The satellites aim 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.

Such technology can help deliver insights into improving crop yields in India's agrarian economy, track resources, monitor oil spills and geographic boundaries in much better details than current technology allows.

The remaining three satellites are expected to be deployed in the second quarter of the year. The SpaceX rocket is also carrying a satellite from another Indian space company, Diganatara.

"By 2029, the (satellite imagery) market is projected to reach $19 billion (£14.82bn).. Hyperspectral imaging, which is new, could realistically capture $500 million (£390m) to $1bn (£780m) of this," said Pixxel's founder and chief executive Awais Ahmed.

The startup plans to add 18 more spacecraft to the six it has already developed, Ahmed said, adding that Pixxel has signed up around 65 clients, including Rio Tinto, British Petroleum, and India's ministry of agriculture, with some already paying for data from its demo satellites.

The US is a major leader in satellite launches, due to private companies such as SpaceX and government contracts, while India, despite its established spacefaring capabilities, holds only a two per cent share of the global commercial space market.

(Reuters)

More For You

UK-India trade talks resume amid growth push

Indian external affairs minister S Jaishankar and UK foreign secretary David Lammy (S Jaishankar-X)

UK-India trade talks resume amid growth push

THE UK government on Tuesday (14) told parliament that the Free Trade Agreement (FTA) talks with India have been relaunched to deliver a joint ambition of taking the bilateral relationship to “even greater heights”.

During a debate on UK economic growth in the Commons, Labour MP Jeevun Sandher asked foreign secretary David Lammy about the steps being taken to get a “good UK-India trade deal over the line”.

Keep ReadingShow less
Inflation

Core CPI, which excludes energy, food, alcohol, and tobacco, rose by 3.2 per cent over the 12 months to December, down from 3.5 per cent in November. (Representational image: Getty)

Inflation dips to 2.5 per cent, easing pressure on Labour government

THE ANNUAL inflation rate dropped to 2.5 per cent in December, according to data from the Office for National Statistics (ONS) released on Wednesday.

The unexpected decline slightly eases pressure on the Labour government, which is grappling with economic challenges.
Analysts had predicted no change from the November figure of 2.6 per cent.

Keep ReadingShow less
reeves-starmer-getty

Starmer and Reeves host an investment roundtable discussion with the BlackRock CEO and members of the BlackRock executive board, inside 10 Downing Street in London, on November 21, 2024. (Photo: Getty Images)

Reeves to remain chancellor until next general election: Starmer

RACHEL REEVES will remain as chancellor until the next general election, prime minister Keir Starmer has said.

Speaking at the launch of the government’s artificial intelligence action plan in east London, Starmer expressed support for Reeves’ approach to public spending, calling it “ruthless” and necessary to adhere to fiscal rules amid challenging economic conditions.

Keep ReadingShow less
Greeting cards here to stay, says Moonpig chief
Nickyl Raithatha, Chief Executive Officer of Moonpig

Greeting cards here to stay, says Moonpig chief

THE average person in Britain buys 22 greeting cards annually, proving the market is far from outdated, Moonpig chief executive Nickyl Raithatha told the Times in an interview.

The online card retailer has seen strong customer loyalty, with Raithatha revealing that customers who stay for a second year "basically never leave."

Keep ReadingShow less
india-gdp-iStock

India's GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24. (Representational image: iStock)

Indian economy expected to weaken slightly in 2025, says IMF MD

The Indian economy is likely to face slight weakening in 2025, according to International Monetary Fund (IMF) managing director Kristalina Georgieva.

Speaking at her annual media roundtable on Friday, Georgieva noted that global growth is expected to remain steady but with regional variations.

Keep ReadingShow less