CLSA said India's success in landing on the moon at a third of the global average cost should strengthen the 'Make in India' theme and open up global rocket, launch and satellite markets for Indian companies like L&T. The firm said India has a minuscule share of the global market because it was a captive business dependent on ISRO. Now, with the sector opening up and IN-SPACe acting as a single window clearing for ease of doing space business, its share could increase, it said. CLSA said the global space economy is mainly driven by a record number of satellite launches, technology advancements, demand for lower costs, and growing communication needs. With its cost-competitive launch cost, India's private ventures should be able to take advantage of this market. The brokerage said the Chandrayaan - 3 cost was $75 million compared to NASA's Artemis Space Launch System cost of $24 billion. Shares of some companies that provide equipment and components to the space industry extended on Thursday, ahead of the landing of the Chandrayaan 3 spacecraft on the moon. Centum Electronics rose 7.3%, Mtar Technologies rose 3.8%, and Paras Defence surged 6.1%. L&T dropped 1.1% and Hindustan Aeronautics dropped 1.6%, according to the CLSA. To win in the global market, India's right to compete with firms like L&T would be essential, he said. The broker has a target of 3,080, or 14 percent, above Thursday's closing price of 2,687. The space market in the world is $447 billion, of which rockets are a $13 billion market and satellites are $16 billion. India has a less than 5% share of the global market.