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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 2026-06-01Remove × | |
|---|---|---|---|
| Company | ISRO | Firefly Aerospace | Rocket Lab |
| Country | 🇮🇳 India | 🇺🇸 USA | 🇳🇿 New Zealand / USA |
| Status | Active | Active | Active |
| Vehicle class | Heavy | Small | Small |
| Propellant | Solid (S200 boosters) + UDMH/N₂O₄ (L110) + LH₂/LOX (C25) | RP-1 / LOX | RP-1 / LOX |
| Reusable | No | No | Yes |
| Stages | 3 | 2 | 2 |
| First flight | 2017 | 2021 | 2017 |
| Payload to LEO | 10,000 kgas of [1] ↑ Best | 1,030 kgas of [1]SSO capacity ~630 kg | 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 | 43.43 mas of [1] ↑ Best | 29 mas of [1] | 18 mas of [1] |
| Liftoff mass | 643 tas of [1] ↑ Best | 54 tas of [1] | 13 tas of [1] |
| Success rate | 100%as of [2]10/10 missions since development flight 2014 (D1). Production flights since 2017. ↑ Best | 43%as of [2]3/7 full successes (FLTA003 Jul 2023, FLTA005 Dec 2024, FLTA007 Mar 2026) + 2 partial successes + 2 failures through FLTA007 | 95.4%as of [2]83/87 orbital successes; 21/21 success rate in 2025 calendar year per Rocket Lab investor release |
| Total flights | 10as of [2] | 7as of [2] | 87as of [2] ↑ Best |
| Cost / kg LEO | ~$4,500/kgas of [1]Estimated from OneWeb commercial contract ~$450M for 36 satellites (~5 tonne batch to GTO) ↓ Cheapest | ~$14,500/kgas of [1]Based on ~$15M list price / 1,030 kg LEO | ~$25,000/kgas of [1]Based on ~$7.5M list price / 300 kg payload |
| Summary | 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. | Firefly Aerospace's two-stage small-lift rocket powered by four Reaver engines at sea level and one Lightning engine in vacuum. Also provides launch services for NASA's CLPS programme (Blue Ghost lander launched on Falcon 9). FLTA007 'Stairway to Seven' succeeded Mar 11, 2026. | 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). |
28 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.