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Sector Thesis·4 min read·Week 24

Space Tech's Real Moat: Hardware + Software, Not Hardware Alone

India's space sector is shifting from launch services to integrated hardware-software platforms. Defensibility comes from combining proprietary satellite buses with ground software. Margin math favors vertically integrated players by 40-60%.

ByAmit Tyagi·Fitoor Capital
Aletheia Insights · Weekly

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Amit Tyagi

Founder, AletheiaAI & GP, Fitoor Capital

Veteran of India's startup ecosystem. Writing about fundraising, investor psychology, and what it takes to build fundable startups in India.

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#space-tech#india-startups#margin-analysis#hardware-software

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Space Tech's Real Moat: Hardware + Software, Not Hardware Alone · Aletheia Insights