Loft Orbital, a San Francisco-based space infrastructure provider, has successfully raised $170 million in a Series C funding round. This significant investment underscores the company’s innovative approach to deploying customer payloads via its Condosat model, which integrates multiple missions onto standardized satellite platforms. The fresh capital is set to accelerate Loft Orbital’s ambitious plans, including increasing satellite launch frequency, enhancing onboard computing capabilities, and expanding global operations.
Background
Founded in 2017 by Alex Greenberg and Pierre-Damien Vaujour, Loft Orbital has rapidly emerged as a key player in the space industry. The company’s mission is to simplify access to space by offering ‘space infrastructure as a service.’ Through its Condosat approach,
