Loft Orbital raises 170 million euros to develop its satellite sharing solution

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Loft Orbital, an American-French startup founded in 2017, applies the principle of pooling resources, inspired by cloud computing, to the space sector. Its model allows users to share the capabilities of a satellite, thus reducing operating costs and democratizing access to space.

With offices in San Francisco and Toulouse, Loft Orbital currently operates five satellites and aims to deploy 30 new vehicles in low orbit within two years. These satellites, ordered from Airbus, must meet growing demand for various applications: climate monitoring, detection of GPS jammers, and securing communications infrastructures.

The company already collaborates with prestigious clients, such as NASA, the European Space Agency (ESA), and private companies like Microsoft or Helsing. The Canadian company EarthDaily also relies on the services of Loft Orbital to provide spectral data to farmers and insurers. At the same time, an American subsidiary, Loft Federal, allows the company to work with American defense, with which it has signed contracts worth 100 million euros.

In order to accelerate its expansion, Loft Orbital has raised 170 million euros in a funding round led by Temasek and Tikehau Capital. Supernova Invest, Tribeca Venture Partners and Bpifrance, already involved in the raising of 125 million euros in 2021, also participated in this new financing. Since its creation, Loft Orbital has collected more than 300 million euros, bringing its valuation to more than a billion euros. These funds will be used to finance the construction of new satellites and to support the international ambitions of the startup, particularly in Asia, thanks to a strategic partnership with Marlan Space.