• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Current price of oil as of June 10, 2026

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Current price of oil as of June 10, 2026
TechAerospace

Why India is becoming a space force to be reckoned with

Rachyl Jones
By
Rachyl Jones
Rachyl Jones
Down Arrow Button Icon
Rachyl Jones
By
Rachyl Jones
Rachyl Jones
Down Arrow Button Icon
August 24, 2023, 7:55 PM ET
INDRANIL MUKHERJEE/AFP via Getty Images

India on Wednesday not only completed its first mission to the moon, 54 years after the U.S. first touched down, but it landed on the moon’s south pole—a feat no other country has been able to accomplish. 

Recommended Video

The mission’s success comes days after a Russian spacecraft crashed into the lunar south pole. The two countries had been racing to put an unmanned spacecraft in that region after scientists discovered traces of water there. The elements of water—hydrogen and oxygen—are essential components to rocket fuel, so harvesting them on the moon could allow spacecrafts to top off their tanks for further exploration, according to the Institute of Physics. The existence of water on the moon could also help sustain astronauts in space for long periods of time, providing a drinking source and supporting the growth of plants for food, it reported. India placed a rover in the region to collect data on the elemental composition of the soil and rocks, according to the Indian Space Research Organisation (ISRO). 

“This success belongs to all of humanity,” India’s prime minister, Narendra Modi, said during a webcast of the event. 

The feat by the country of 1.4 billion people comes at a time when private, for-profit companies have stolen the spotlight in space exploration. Elon Musk’s SpaceX has a target of sending humans to Mars (though Musk’s timeline is in flux), and NASA is currently completely reliant on SpaceX rockets to get its human crews into space.

India is increasingly becoming a major player in the space world, with this mission cementing its place in history. Previously, the U.S., China, and the Soviet Union (now Russia) all landed on the moon, though the U.S. is still the only country to touch down with a crew. The prospect of gaining access to water on the moon means these countries and more will be racing for a slice of the action. A new space race has already begun, and India has more up its sleeve. 

The mission has been 20 years in the making. Then–Prime Minister Atal Bihari Vajpayee announced his ambitions for India to go to the moon during his Independence Day speech in 2003. Its first mission was five years later, when the ISRO successfully placed a ship in the moon’s orbit for 312 days. It then attempted to land and deploy a rover in 2019, but an error in the software caused the landing spacecraft and rover to crash. The organization improved the tech from its second mission for the Chandrayaan-3—the third and most recent trip—including adding stronger legs on the landing machine, removing an engine, and lengthening the energy-supplying solar panels, according to the Times of India. The country also became the first to enter Mars’s orbit on the first try in 2014. 

The ISRO’s future space plans largely revolve around the moon—literally. It is preparing a joint flight with Japan, for which India will supply the landing machine. The two countries first agreed to work together in 2017. Japan will provide the unmanned launch spacecraft and the rover, which will explore the moon’s south pole. There is no set date for launch.

India also wants to send a manned spacecraft to the moon. The ship, which can hold three passengers, was originally planned to launch in 2021, but delays have pushed that date. Jitendra Singh, India’s union minister of state for science and technology, wants it to take off in 2024, but he plans to send two unmanned spaceships first to test for safety, the Economic Times reported. A successful landing with passengers would make India second only to the U.S. to complete such an operation.

Even as India sends its tricolor flag to remote extraterrestrial locations, a thriving private space industry is also taking root within the country. According to a recent New York Times article, there are at least 140 registered space startups in India. And while the ISRO budget was less than $1.5 billion in the past fiscal year, the private space sector is currently worth more than $6 billion, according to the report.

About the Author
Rachyl Jones
By Rachyl Jones
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Meet the SpaceX employees who are set to become multimillionaires thanks to its IPO: from execs to even welders
SuccessWealth
Meet the SpaceX employees who are set to become multimillionaires thanks to its IPO: from execs to even welders
By Preston ForeJune 11, 2026
2 hours ago
ice
LawImmigration
Westchester County built a 600-camera plate reader network that shared 1.6 billion scans with ICE, lawsuit says
By Byron Tau and The Associated PressJune 11, 2026
2 hours ago
brazil
Arts & EntertainmentWorld Cup
Brazil’s biggest soccer broadcaster Is now a guy who started on Twitch. He beat Globo
By Nick Lichtenberg, Tales Azzoni and The Associated PressJune 11, 2026
2 hours ago
visa
AIVisa
Visa thinks it’s a great idea for AI agents to shop and pay for things without human approval
By Barbara Ortutay, Ken Sweet and The Associated PressJune 11, 2026
2 hours ago
carney
North AmericaSocial Media
Canada joins global movement to ban social media for kids: ‘We are failing our children. Enough is enough’
By Rob Gillies and The Associated PressJune 11, 2026
2 hours ago
amodei
AIAnthropic
Anthropic is worth $965 billion and just hired 1,000 coaches for nonprofits: ‘The fox can’t guard the henhouse’
By Glenn Gamboa and The Associated PressJune 11, 2026
2 hours ago

Most Popular

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
22 hours ago
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
3 days ago
Current price of oil as of June 10, 2026
Personal Finance
Current price of oil as of June 10, 2026
By Joseph HostetlerJune 10, 2026
1 day ago
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Success
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
By Preston ForeJune 8, 2026
3 days ago
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
Innovation
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
By Amanda GerutJune 9, 2026
2 days ago
A ‘MAGA Warrior’ Texas ag chief is publicly blasting the USDA over a flesh-eating pest threatening America's beef supply
North America
A ‘MAGA Warrior’ Texas ag chief is publicly blasting the USDA over a flesh-eating pest threatening America's beef supply
By Marco Quiroz-GutierrezJune 10, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.