Indian space tech firm Digantara announced on Tuesday that it aims to generate $25 million to $30 million in revenue within the next two years through its expansion into the US. The company plans to secure significant defence contracts and tap into the $60 billion space surveillance and intelligence market.
The Bengaluru-based space tech startup intends to invest between $10 million and $15 million over the next six to eight months to set up a spacecraft manufacturing and space optics production facility in Colorado.
Digantara also revealed that it has secured contracts with several US Department of Defense (DoD) agencies, including the US Air Force and Space Force. However, the company did not disclose further details.
The company recently launched its first space-based surveillance satellite via SpaceX’sTransporter-12 mission. The satellite, equipped with advanced electro-optical sensors, can track space objects as small as 5 cm in diameter.
With the increasing concern over space traffic and debris management, low Earth orbit is becoming the most congested area, as it offers a cost-effective and close proximity advantage, making it a key focus for the rapidly expanding commercial space industry.
Data shows that more than 14,000 satellites, including some 3,500 inactive, surround the globe in low Earth orbit.
“At a time when space safety and security are more critical than ever, our expansion into the US, particularly Colorado, enables us to collaborate closely with key stakeholders and accelerate space surveillance capabilities,” said Anirudh Sharma, co-founder and CEO of Digantara.
