Elon Musk has a plan, Nov. 9 -- the SpaceX founder wants to launch monster rockets, slashing launch costs to a third of the US average of around $3,200 per kg. India is also vying for a larger piece of the space pie, with at least four rockets in the making to capture the demand for private space launchers. However, India's approach is notably different from what the world's largest rocket maker is pushing for. Does this hurt India's space ambitions, or play to its advantage? Mint breaks it down.

SpaceX's primary goal is to build ultra-large and reusable rockets which can launch a large number of satellites at one go. The company's aim is to make space launches regular, and make money by increasing the frequency of launches-rather than f...