Announced

Loft Orbital and Marlan Space to form an Orbitworks joint venture.

Synopsis

Loft Orbital, a space infrastructure company that provides a simple, fast, and reliable way to deploy missions to low Earth orbit, and Marlan Space, a space company, agreed to form an Orbitworks, a satellite production company, joint venture. Financial terms were not disclosed. “We have long believed in the dynamism and growth of the UAE’s space sector, and we are proud to be playing a small part in the country’s journey to becoming a space powerhouse. From the moment we first met with Marlan Space, we were excited about their vision for bringing scaled production and operations of LEO satellite constellations to the UAE. We are thrilled to support and partner with all players in the country’s space, satellite, cloud, and AI industries,” Pierre-Damien Vaujour, Loft Orbital CEO.

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