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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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