Indian space technology company Digantara on Tuesday expanded to the US, securing large defense contracts and leveraging $60 billion in space surveillance and information markets, starting at $25 million over the next two years He said his goal is to earn $30 million.
The Bengaluru-based startup is planning to invest between $10 million and $15 million over the next six to eight months to establish a spacecraft manufacturing and space optics production facility in Colorado.
Dignatara also said he has signed contracts with several U.S. Department of Defense (DOD) agencies, including the US Air Force and Space Force, but did not provide details.
The company recently launched its first space-based surveillance satellite on SpaceX’s Transporter-12 mission. Equipped with advanced electro-optic sensors, satellites can track space objects with a diameter of 5 cm.
Space traffic and debris management are an escalating concern for the global space industry, where the most crowded Earth orbit with artificial objects is the busiest, and it grows rapidly, as it offers a balance of cost and proximity. It has become a major target for the commercial space sector.
Over 14,000 satellites, including around 3,500 inactivity, surround the Earth in low Earth orbit, data shows.
“When space safety and security is more important than ever, expansion into the US, especially Colorado, will allow us to work closely with key stakeholders to accelerate space surveillance capabilities,” Digantara said. said Anirudh Sharma, co-founder and CEO of the company. .
