Skyroot eyes funding boost; MDR deferment cheers D2C brands
Skyroot Aerospace is negotiating to raise $300 million in two tranches, aiming to scale rocket production after its first orbital mission. The startup seeks $150 million from Indian family offices at a valuation of $2.3-2.5 billion and the same amount from global investors at up to $3 billion. This funding could nearly triple its valuation from $1.1 billion in May.