About Space Tech sector in Asia
The Space Tech sector in Asia comprises 532 companies, including 196 funded companies having collectively raised $7.03B in venture capital money and private equity. Out of these, 84 are Series A+ funded, and 1 has achieved unicorn status.
Space Tech sector in Asia has seen 10 acquisitions and 18 IPOs.
This sector includes newspace is an industry in which private companies, startups and entrepreneurs try to build products for Space.
Space Tech sector is also known as Space Technology or New Space.
Companies(non-governmental) which develop spaceflight technologies for commercial space market. Companies developing new launch systems, satellites, spacecrafts, new propulsion systems, new antenna systems, etc. principally with private funding. Also includes companies providing space services such as tourism, satellite communication, imaging, space burial services etc. Government space agencies, companies highly reliant on govt. agencies, defence grants and projects are excluded.
Top Space Tech Companies in Asia
There are 532 Space Tech startups in Asia which include Skyroot, Dhruva Space, AgniKul, Astroscale, ispace. Out of these, 196 startups are funded, with 84 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 38 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Madras, BITS Pilani and IIT Kharagpur.
Here is the list of top Space Tech startups in Asia
1. Skyroot
Developer of launch vehicles providing access to space for all. The company focuses on affordable, on-demand, and reliable spaceflight. It offers a series of launch vehicles designed to meet a wide range of orbital inclinations and altitudes. The company has successfully completed multiple stage and engine tests.
Key facts about Skyroot
2. Dhruva Space
Provider of satellite platforms, launch solutions, and ground station services. The company offers integrated solutions for space-based applications on Earth and beyond. Services include spacecraft solar arrays and imagery. They provide technology solutions for internet of things, communications, climate monitoring, and emergency response.
Key facts about Dhruva Space
- Founded Year: 2012
- Location: Hyderabad (India)
- Stage: Series A
- Total Funding till date: $16.1M
- Investors: Indian Angel Network, 12 E 37 and 145 Others
- Latest Funding Round: Venture Debt, Apr 22, 2024, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 1 of 332 Competitors
3. AgniKul
Provider of private aerospace manufacturer and commercial launch solutions. It provides users with a company developing launch vehicles capable of taking micro and nanosatellites to low earth orbit on demand.
Key facts about AgniKul
- Founded Year: 2017
- Location: Chennai (India)
- Stage: Series B
- Total Funding till date: $45.5M
- Investors: Celesta Capital, Chiratae Ventures and 92 Others
- Latest Funding Round: Series B, Apr 22, 2025, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 4 of 115 Competitors
4. Astroscale
Developer of satellite solutions for space debris removal. It provides users with an end-to-end rendezvous solution, which consists of two spacecraft to be launched stacked together. It leverages proximity rendezvous technologies and a magnetic capture mechanism, while another has a docking plate for capturing the debris. It also developed a micro-lite satellite for the in-situ debris environment awareness missions.
Key facts about Astroscale
- Founded Year: 2013
- Location: Sumida City (Japan)
- Stage: Public
- Total Funding till date: $384M
- Investors: JAFCO Group, I-NET and 42 Others
- Latest Funding Round: Conventional Debt, Oct 06, 2023, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 2 of 97 Competitors
5. ispace
Developer of micro-robots that locate the resources necessary to extend human life into outer space. It focuses on locating, extracting, and delivering lunar ice to customers in cis-lunar space. It utilizes 3D printed and commercially off-the-shelf products for rapid prototyping while maximizing structural mass efficiency and shortening the developmental life cycle.
Key facts about ispace
- Founded Year: 2010
- Location: Chuo City (Japan)
- Stage: Public
- Total Funding till date: $196M
- Investors: Incubate Fund, Mitsui Sumitomo Insurance and 22 Others
- Latest Funding Round: Series C, Oct 26, 2021, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 1 of 72 Competitors
Companies founded year-on-year in the Space Tech sector in Asia
57 Space Tech startups in Asia were founded in 2024 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 12 |
2024 | 57 |
2023 | 40 |
2022 | 49 |
2021 | 46 |
2020 | 44 |
2019 | 29 |
2018 | 52 |
2017 | 30 |
2016 | 26 |
Stage-wise distribution of Space Tech sector companies in Asia
Out of the total 532 Space Tech companies in Asia, 196 have secured funding. Among them, 84 have reached Series A or higher, and 53 to Series B or beyond.
Founded - 532
Funded - 196
Series A+ - 84
Series B+ - 53
Series C+ - 39
Company Stage | No. of companies |
|---|---|
Founded | 532 |
Funded | 196 |
Series A+ | 84 |
Series B+ | 53 |
Series C+ | 39 |
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Funding Trends in the Space Tech sector in Asia
Total funding year-on-year in the Space Tech sector in Asia
The Space Tech sector in Asia saw a total funding of more than $5.76B in the last 10 years. The most amount of funding was in 2025 at more than $1.01B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $1.01B |
2024 | $670M |
2023 | $749M |
2022 | $636M |
2021 | $631M |
2020 | $874M |
2019 | $458M |
2018 | $289M |
2017 | $338M |
Recent Funding Rounds in Space Tech in Asia
In the year 2025, till October 2025, Space Tech companies in Asia have raised $986M in equity funding across 46 rounds.
In the same period last year (i.e. till October 2024), Space Tech companies in Asia had raised $538M across 46 rounds.
So, 2025 has seen a 83.2% rise in funding in Space Tech companies in Asia as compared to 2024.
Here are some recent, important funding rounds in Space Tech companies in Asia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 7828 | Oct 15, 2025 | ||
Series C | 5502 | Oct 09, 2025 | ||
Seed | 1306 | Oct 06, 2025 | and 2 more | |
Series A | 2021 | Oct 03, 2025 | and 2 more | |
Series A | 9164 | Sep 28, 2025 | and 1 more |
Top Investors in Space Tech in Asia
Starburst is the top investor in Space Tech companies in Asia based on number of companies invested.
Here are some top investors in Space Tech companies in Asia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Los Angeles (United States) | ||
Washington, DC (United States) | - | |
Tokyo (Japan) | ||
Minato City (Japan) | ||
Bengaluru (India) |
M&A activity in Space Tech sector in Asia
In the year 2025, till April 2025, 2 acquisitions happened in Space Tech sector in Asia.
Here are some recent, important acquisitions in Space Tech sector in Asia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Apr 30, 2025 | ||
Business Acquisition | Apr 01, 2025 | ||
Business Acquisition | Aug 31, 2023 | ||
Business Acquisition | Jun 02, 2022 | ||
Business Acquisition | Jun 15, 2021 |
Acquisition trends in Space Tech sector in Asia
Here are the acquisition trends in Space Tech sector in Asia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | 2 |
2024 | - |
2023 | 1 |
2022 | 1 |
2021 | 1 |
2020 | 1 |
2019 | - |
2018 | 1 |
2017 | 2 |
2016 | 1 |
IPOs in Space Tech in Asia
In the year 2025, till August 2025, 1 IPO happened in Space Tech sector in Asia.
Here are some recent, important IPOs in Space Tech sector in Asia:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Aug 13, 2025 | Tokyo Stock Exchange (TYO) | |
Dec 19, 2024 | Tokyo Stock Exchange (TSE) | |
Jul 31, 2024 | National Stock Exchange (NSE) | |
Jun 05, 2024 | Tokyo Stock Exchange (TSE) | |
Dec 06, 2023 | Tokyo Stock Exchange (TSE) |
Colleges which produce the most Space Tech companies in Asia
Companies founded by alumni from top colleges in the Space Tech in Asia
Most number of Space Tech startups in Asia have been founded by alumni from IIT Madras, BITS Pilani and IIT Kharagpur.
College | No. of companies |
|---|---|
IIT Madras | 11 |
BITS Pilani | 10 |
IIT Kharagpur | 7 |
IIT Bombay | 6 |
IIT Kanpur | 6 |
National University of Singapore (NUS) | 5 |
Anna University | 4 |
Columbia University | 4 |
Technion Israel Institute Technology | 4 |
BIT Mesra | 3 |
Total funding in Space Tech companies founded by alumni from top colleges in Asia
In the last 10 years, Booth School of Business, INSEAD and University of Chicago graduates' Space Tech companies in Asia have raised the most funding among top colleges.
College | Total Funding |
|---|---|
Booth School of Business | $183M |
INSEAD | $183M |
University of Chicago | $183M |
IIT Madras | $181M |
IIT Kharagpur | $166M |
BITS Pilani | $123M |
Columbia University | $59.5M |
Anna University | $56.9M |
IIM Calcutta | $53.5M |
IIT Delhi | $53.5M |
Top News in Space Tech in Asia
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Agnikul Cosmos successfully test fires engine to power Agnibaan rocketIndia Today•May 23, 2025•AgniKul
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All In Capital Launches Inr 200 Cr Fund IiInc42•Mar 20, 2025•All In Capital, Medmitra, Spill Games, and 6 others
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Indian Space Startups Eye Senior Talent, Taps Ex-ISRO Experts For Growthelectronicsforyou.biz•Mar 18, 2025•Digantara
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Galactic Energy Launches Eight Satellites, Plans Ceres-2 and Pallas-1 DebutsSpaceNews•Mar 17, 2025•Galactic Energy
