Loft Orbital Secures $170 Million Funding

Loft Orbital has successfully raised $170 million in Series C funding, co-led by Tikehau Capital and Axial Partners, bringing its total funding to approximately $330 million since its inception in 2017. The company aims to enhance its satellite services by incorporating artificial intelligence and inter-satellite links while expanding its manufacturing capabilities. Loft Orbital's unique business model allows customers to integrate their payloads onto standardized satellites, significantly reducing the costs and complexities associated with satellite ownership. With over $500 million in bookings from notable clients like NASA and Microsoft, the company plans to increase its launch frequency and deploy more satellites in the coming years. This funding round marks a significant milestone in the space sector, reflecting investor confidence in innovative space infrastructure solutions. Loft Orbital, which has deployed five satellites to date, aims to scale operations and solidify its position in the competitive satellite market.