Loft Orbital
Assembly Line
Announcing Loft's $170M Series C
Loft announces $170M Series C funding to reach fleet scale in 2025, with a goal of operating one of the largest heterogeneous satellite fleets in Low Earth Orbit. The company has developed a modular and universal payload adapter, Hub, and flexible mission operations software, Cockpit, to enable rapid and reliable satellite deployments. With over $500M in lifetime bookings, Loft has established itself as a leader in the space industry, with a focus on simplicity, speed, and reliability. The company is also investing in artificial intelligence and machine learning capabilities, with the launch of satellites equipped with high-value sensors, compute, and always-on connectivity. Loft’s vision is to provide real-time insights directly from space, and the company is working to build an ecosystem of AI application partners to achieve this goal.
Loft Orbital and Marlan Space Join Forces to Create First Satellite Production Company in the Middle East
Loft Orbital and Marlan Space have formed a joint venture, Orbitworks, to create the Middle East’s first private space infrastructure company. With an initial investment of over $100 million, Orbitworks will produce up to fifty 500 kg satellites annually, aiming to launch its first satellite as early as Q1 2026. The company will leverage advanced hardware, software, and industrial technologies to integrate and test satellites, and partner with local component manufacturers and technology providers in the UAE. Orbitworks will also collaborate with AI companies and research organizations, providing a pathway to deploy their apps to orbit. The joint venture marks a significant milestone in the UAE’s growing space sector, with Loft Orbital bringing its expertise and technology to support a wide range of missions.