ISRO's LVM3 Soars, Challenges SpaceX: India's Space Prowess on Display

• ISRO successfully launched its 'Baahubali' LVM3 rocket from Sriharikota, carrying an American company's 6100 kg 'Blue Bird' satellite.
• This success positions ISRO as a direct competitor to Elon Musk's SpaceX, intensifying the global space market race.
• While SpaceX's Falcon 9 offers lower 'cost per kilogram' due to reusability and higher payload capacity, ISRO's LVM3 is cheaper per launch.
• Companies choose ISRO for its 100% success rate, slot availability, desire to avoid monopoly, and dedicated mission capabilities.
• ISRO is actively developing Reusable Launch Vehicles (RLV) and NGLV to enhance cost-effectiveness and compete with reusable rockets.

Why It Matters: ISRO's LVM3 success highlights India's growing, trusted presence in the global commercial space launch market.