Financing round · Space tech
Skyroot Aerospace raises $60 million for launch expansion
Sherpalo Ventures and GIC co-led the financing, which valued the company at $1.1 billion.
Skyroot Aerospace announced $60 million in financing on May 7, 2026. Sherpalo Ventures and GIC co-led the round, with participation from BlackRock, Greenko Group founders, Arkam Ventures, Playbook Partners and Shanghvi Family Office, among others.
The satellite-launch company plans to increase its launch cadence, scale manufacturing and develop its next-generation Vikram vehicles. Sherpalo founder Ram Shriram will join the board.
Use of funds
Scale launch manufacturing
Develop next-generation launch vehicles
Increase launch cadence
Funding history
Financing round · This round$60M