Space infrastructure provider Loft Orbital has raised $170 million in a round of Series C financing led by Tikehau Capital and Axial Partners.
The San Francisco-based company said Tuesday it plans to use the capital to further support its operations, advance the launch of satellites for multiple constellations and grow its ecosystem of artificial intelligence application partners as part of efforts to deliver real-time insights from space directly to customers.
In 2025, Loft plans to launch satellite constellations for the Space Development Agency and EarthDaily.
Bpifrance, Foundation Capital, Temasek and Uncork Capital participated in the latest funding round.
Reaching $500M in Bookings
Loft Orbital raised $130 million in a Series B financing round in 2021 and sold over 30 satellites, achieving $500 million in lifetime bookings with the U.S. Space Force, NASA, Microsoft, BAE Systems and other customers.
In early 2024, the company’s U.S. government arm, Loft Federal, won a spot on a five-year, indefinite-delivery/indefinite-quantity contract to provide flight and payload integration services for NASA.
What Does Loft Orbital Do?
Through its standardized satellite platform, the company provides customers with a quick way to deploy missions to low Earth orbit.
Loft Orbital reduces lead times by leveraging its modular payload adapter, called Hub, and other fully assembled satellites from its inventory at its integration and test facility in Golden, Colorado. It also supports satellite fleets and constellations with Cockpit, its mission operations software.
Loft manages all aspects of satellite integration, launch and operations to enable customers to focus on their mission.
