competition success magazine this article was published in the magazine private sector participation in space sector why in news vikram-s indias first privately built rocket was launched recently from sriharikota andhra pradesh. more about the launch named mission prarambh it is indias first private space mission. the rocket has been developed by hyderabad-based skyroot aerospace a company that was started in 2018. it was launched with support from isro and in-space (indian national space promotion and authorisation centre). competition success magazine subscription it is called vikram-s named after vikram sarabhai the founder of indias space programme. the rocket reached an altitude of 89.5 km. the target for the rocket was to reach space which begins at an altitude of around 80 km and to attempt touching the karman line located at around the 100-km altitude mark. o the kármán line is a boundary that borders earths atmosphere and the beginning of space. 93 need of private sector participation in space industry indias space programme is one of the most well-developed in the world and is driven by a state-owned agency isro. however enhanced private sector participation will be necessary to penetrate satellite-based services and groundbased system segments. rapidly rising space industry global space industry could reach $1 trillion in 2040 up from $400 billion currently competition success review magazine price.