SpaceX’s Starship rocket will be launched for a sixth test flight next week, the latest experiment by the Elon Musk-owned aerospace firm to create reusable spacecraft after a previous test resulted in a “seminal moment” for the company.

"Bottom line, somebody in the Trump administration is going to say 'we want NASA and the private sector to collectively, as sort of a national space enterprise, we want them to go further, we want them to go faster, we want them to go more frequently, and we want them to go less expensively," Muncy said.

This is also the first time ISRO has developed a satellite that only uses the advanced Ka-band frequency, which has a range of radio frequencies between 27 and 40 gigahertz (GHz) and allows the satellite to have a higher bandwidth.

Elon Musk’s SpaceX reportedly plans to launch a tender offer next month that would sell existing shares at a price of $135 each, valuing the company at more than $250 billion.

Musk’s latest visit to Mar-a-Lago comes after a report that he took part in a phone call between Trump and Ukrainian President Volodymyr Zelensky on Wednesday.

SpaceX is on a trajectory to remain the most dominant player in space launches for years to come as it makes strides with its heavy-duty Starship rocket program.