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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 | ULA | Rocket Lab |
| Country | 🇮🇳 India | 🇺🇸 USA | 🇳🇿 New Zealand / USA |
| Status | Active | Active | Active |
| Vehicle class | Heavy | Heavy | Small |
| Propellant | Solid (S200 boosters) + UDMH/N₂O₄ (L110) + LH₂/LOX (C25) | LNG / LOX (BE-4); LH₂ / LOX (Centaur V) | RP-1 / LOX |
| Reusable | No | No | Yes |
| Stages | 3 | 2 | 2 |
| First flight | 2017 | 2024 | 2017 |
| Payload to LEO | 10,000 kgas of [1] | 27,200 kgas of [1]VC2S configuration (2 solid strap-on boosters) ↑ 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] | 14,400 kgas of [1] ↑ Best | — |
| Height | 43.43 mas of [1] | 61.6 mas of [1] ↑ Best | 18 mas of [1] |
| Liftoff mass | 643 tas of [1] ↑ Best | 591 tas of [1]VC2S configuration | 13 tas of [1] |
| Success rate | 100%as of [2]10/10 missions since development flight 2014 (D1). Production flights since 2017. ↑ Best | 100%as of [2]4/4 mission successes: VC2 Cert-1 (Jan 2024), VC2 Cert-2 (Oct 2024), VC4 USSF-87 (Feb 2026), VC2 USSF-106 (Mar 2026) ↑ Best | 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] | 4as 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 | ~$5,500/kgas of [1]Estimated; list pricing not public. Priced below Atlas V, above Ariane 6. | ~$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. | ULA's next-generation medium-heavy rocket replacing Atlas V. Powered by two BE-4 engines on the first stage and a cryogenic Centaur V upper stage. Primary customer is USSF under NSSL Phase 2. | 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.