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Space company Loft Orbital raises $140 million from BlackRock

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The company’s YAM-2 spacecraft during integration for launch.

Loft Orbital

Loft Orbital, a space infrastructure start-up, raised $140 million in a new round of funding was led by investment behemoth BlackRock.

The San Francisco-based company launched its first missions to space earlier this year, with Loft planning to use the new capital to scale its business and double its team.

“The best way to think of us is we provide space-infrastructure-as-a-service,” Loft Orbital co-founder and COO Alex Greenberg told CNBC.

“If you’re a customer with either a single payload or a constellation that you want to put in space, but you don’t want to be the one building or designing your own satellite –…



Source cnbc.com

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