More recently, the head of the Indian Space Research Organisation (ISRO), the country’s main space agency, S. Somanath, publicly endorsed Musk and his private space industry business model as revolutionary to advance the size of the space industry worldwide. Somanath said that there is a need for governments and other stakeholders, if necessary, to play their part in achieving sustainable advancement in the field of space technology.

Private ventures to help spur innovation

Referring to the accomplishments of Musk for SpaceX, Somanath pointed out how private players can and have played a part in the space industry. Thus, SpaceX’s fully reusable rocket, affordable space launches, and short iteration times have made it easier to enter the space business. As Somanath pointed out, such strategies could hasten growth for space-faring nations like India.

“Private participation ensures the competition and innovation needed for a healthy space economy,” Somanath said at an event recently.

India’s Emerging Space Industry

The use of private companies in the sector has also been on the rise in India’s space program. Launch vehicles such as the IN-SPACe or Indian National Space Promotion and Authorisation Centre provide opportunities for industries, especially startups, to engage with ISRO. Somanath’s remarks also indicate that ISRO is willing to tap the efficiency and creativity of the commercial sector in space infrastructure development.

Global Collaboration Is Key

Somanath also opines and supports Musk’s concept, but he also stresses one major thing: collaboration. He pointed out that international cooperation and gaining access to international knowledge could assist the countries in opening new markets, attaining the objectives of increasing efficiency and effectiveness, as well as reaching for the stars and setting objectives such as landing on the moon and setting for interplanetary missions.

A Vision for the Future

Somanath has laid out the pragmatic vision of India, which increasingly is targeting the business of commercial launches and satellite services. The direction is in accordance with the gradual privatisation of the space business. This shows that Musk’s model has support from the federal government, strengthening requirements for a symbiotic relationship between the government and other private ventures.

This idea was brought to light as the boots changed and became much more competitive, which means that Musk’s kind of thinking could alter how countries approach the final frontier.