This work identifies the influence of chaos theory on fractional calculus by providing a theorem for the existence and stability of solution in fractional-order gyrostat model with the help of a fixed-point theorem. We modified an integer order gyrostat model consisting of three rotors into fractional order by attaching rotatory fuel-filled tank and provided an iterative scheme for our proposed model as a working rule of obtained analytical results. Moreover, this iterative scheme is injected into algorithms for a system of (...) integer order dynamical systems to observe Lyapunov exponents and a bifurcation diagram for our proposed fractional-order dynamical model. Furthermore, we obtained five equilibrium points, including four unstable spirals and one saddle node, using local dynamical analysis which acted as self-exciting attractors and a separatrix in a global domain. (shrink)