1. Home
  2. Current Affairs
  3. Current News
  4. LVM3-M3/OneWeb India-2 Mission

LVM3-M3/OneWeb India-2 Mission

  • 27 Mar 2023

On March 26th, 2023, the Indian Space Research Organisation (ISRO) launched 36 OneWeb satellites on its second commercial launch of the LVM-3 rocket. This marked the second launch that ISRO performed for OneWeb, a UK-based company.

  • The launch completed the OneWeb Constellation wherein OneWeb plans to use 588 active satellites for global connectivity.
  • The launch earned ISRO over INR 1,000 crore and increased its share of the global commercial space market.
  • India opened its space sector to private players in 2020, and the government aims to increase India's 2% share in the commercial market to 10% by 2030 through commercial launches by ISRO and private companies.
  • ISRO developed the Small Satellite Launch Vehicle (SSLV) to provide on-demand launch services commercially.
  • The SSLV has completed two development flights, one successful and one partially successful, and has been inducted into the ISRO fleet.
  • The revenue generated by ISRO’s commercial arm, New Space India Limited, has increased from INR 1,731 crore in 2021-22 to a projected INR 3,509 crore in 2023-24.