TECH NEWS

Loft Orbital and Marlan Space plan $1bn AI satellite fleet with Mistral

Loft Orbital and Marlan Space have announced a $1bn programme to grow their AI-equipped satellite constellation from 10 satellites to 50, with Mistral supplying the AI models on board. The two companies set out the plan in a press release on 9 September. They said French President Emmanuel Macron announced it at the International Space Summit in Paris.

Marlan Space is a UAE-based investor and a subsidiary of IHC, the Abu Dhabi holding company. Bloomberg reported that IHC is publicly traded and overseen by Sheikh Tahnoon bin Zayed, a member of Abu Dhabi’s royal family. Loft Orbital builds and operates satellites for customers and has facilities in San Francisco, Golden in Colorado, and Toulouse. Daphné Leprince-Ringuet reported the deal for Sifted, and Kateryna Kadabashy covered it for Bloomberg.

What the $1bn pays for

Outlets described the money in different ways. The companies called it a $1bn programme. Sifted...

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What the $1bn pays for

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The best deals from Nintendo’s ‘customer appreciation’ sale

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