What's Happening?
Ethereal Exploration Guild, known as EtherealX, has increased its valuation to $80.5 million following a successful funding round. The Indian space tech startup is developing a fully reusable launch vehicle and is preparing for engine hot-fire tests. The company closed a $20.5 million Series A round led by TDK Ventures and BIG Capital, with participation from several other investors. EtherealX aims to compete in the global space launch market by offering a vehicle that returns both the booster and upper stage, potentially reducing launch costs and increasing frequency.
Why It's Important?
EtherealX's advancements could disrupt the space launch industry by providing a cost-effective and flexible alternative to current offerings. The startup's focus on reusability
aligns with global trends towards sustainable and efficient space operations. As the demand for satellite launches grows, EtherealX's technology could offer satellite operators more options and potentially lower costs. This development is significant for the Indian space sector, which is aiming to expand its market share and capabilities.
What's Next?
EtherealX plans to conduct engine tests in mid-2026 and aims for a technology demonstration flight in late 2027. The company is also expanding its workforce and manufacturing capabilities to support these goals. With launch agreements already in place, EtherealX is positioning itself for commercial operations by 2028, potentially altering the competitive landscape of the space launch industry.
