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The global launch market reached $14.1 billion in 2024 — up 34% since 2021.
| Attribute | GSLV Mk III (LVM3) 🇮🇳 India Trust: Agency-primaryⓘ Last verified Active · Last updated 2026-06-01Remove × | Electron 🇳🇿 New Zealand / USA Trust: Agency-primaryⓘ Last verified Active · Last updated 2026-06-28Remove × | |
|---|---|---|---|
| Company | Gilmour Space Technologies | ISRO | Rocket Lab |
| Country | 🇦🇺 Australia | 🇮🇳 India | 🇳🇿 New Zealand / USA |
| Status | In Development | Active | Active |
| Vehicle class | Small | Heavy | Small |
| Propellant | Hybrid (Sirius motors, stages 1–2) / liquid (Phoenix engine, stage 3) | Solid (S200 boosters) + UDMH/N₂O₄ (L110) + LH₂/LOX (C25) | RP-1 / LOX |
| Reusable | No | No | Yes |
| Stages | 3 | 3 | 2 |
| First flight | 2025 | 2017 | 2017 |
| Payload to LEO | 300 kgas of [1] | 10,000 kgas of [1] ↑ Best | 300 kgas of [1]~200 kg reusable mode (lower due to propellant reserved for re-entry burn) |
| Payload to GTO | — | 4,000 kgas of [1] ↑ Best | — |
| Height | 25 mas of [1] | 43.43 mas of [1] ↑ Best | 18 mas of [1] |
| Liftoff mass | — | 643 tas of [1] ↑ Best | 13 tas of [1] |
| Success rate | 0/1as of [1]Maiden flight 2025-07-30 crashed 14 seconds after launch (insufficient thrust), from Bowen Orbital Spaceport, Queensland — Australia's first domestic orbital launch attempt. Preceded by two scrubs (2025-05-15 electrical issue, 2025-05-16 fairing anomaly). A second test flight was slated for early 2026. Block 2 (1,000 kg payload) and Eris Heavy (4,000 kg payload) variants are planned. | 100%as of [2]10/10 missions since development flight 2014 (D1). Production flights since 2017. ↑ Best | 95.6%as of [3]87 successes / 91 Electron-family flights. Orbital Electron alone: 78/82 (95.1%). HASTE: 9/9. On a 50-flight success streak since December 2023; 21/21 in the 2025 calendar year. |
| Total flights | 1as of [1] | 10as of [2] | 91as of [3]91 Electron-family flights: 82 orbital plus 9 suborbital HASTE. Reconciled against three 10-K cumulative checkpoints (38/54/75 successes through 2023/2024/2025). Rocket Lab counts HASTE inside its own 'Electron launched N times' figure. ↑ Best |
| Cost / kg LEO | — | ~$4,500/kgas of [1]Estimated from OneWeb commercial contract ~$450M for 36 satellites (~5 tonne batch to GTO) ↓ Cheapest | ~$25,000/kgas of [1]Based on ~$7.5M list price / 300 kg payload |
| Summary | Australia's first domestically developed orbital launch vehicle attempt, using a hybrid-propellant first and second stage; the maiden flight failed 14 seconds after liftoff in July 2025. | India's most powerful rocket. Launched Chandrayaan-3 (Moon lander) in Jul 2023 and OneWeb internet satellites commercially. Renamed LVM3 (Launch Vehicle Mark 3) in 2022. The CE-20 cryogenic engine was entirely ISRO-developed — previously India depended on Russian technology for the GSLV Mk II. | The world's most commercially active small launch vehicle, designed and built in-house at Rocket Lab. Rutherford engines are the first flight-proven engines made with additive manufacturing (metal 3D printing). Booster recovery via parachute and helicopter catch (later transitioned to ocean recovery). |
48 launch vehicles across 10 countries — active, retired, and in development — with primary-source citations from manufacturer user guides and agency press kits. Pure URL state: bookmark or share the link and the comparison reproduces exactly.