Space startup Loft Orbital raises $170 million to expand satellite fleet
- Space startup Loft Orbital has raised $170 million in Series C funding co-led by Tikehau Capital and Axial Partners, increasing the total raised to $330 million since 2017.
- The company plans to scale satellite launches from a few per year to over ten annually and expand its AI business for virtual missions.
- Loft Orbital has deployed five satellites and has about 30 in backlog, representing around $500 million in sales from customers like NASA and Eutelsat.
- The proceeds will support ramping up manufacturing and integrating AI to enhance satellite operations and data processing efficiency.
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Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
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57% Center
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C 57%
14%
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