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$1 Billion Invested in 40 New AI Satellites
9 Sep
Summary
- Companies led by UAE's Marlan Space and Loft Orbital will invest $1 billion.
- The investment will expand a satellite constellation with 40 new satellites.
- The expanded constellation will feature advanced artificial intelligence capabilities.
A significant $1 billion investment is underway, spearheaded by a consortium of companies including the UAE's Marlan Space and US-French startup Loft Orbital. This substantial capital infusion is earmarked for the expansion of an artificial intelligence-infused satellite constellation.
The initiative will see the addition of 40 new satellites to the existing network. Orbitworks, a joint venture formed by Marlan Space and Loft Orbital, is overseeing this ambitious expansion. Originally, the plan involved deploying 10 satellites, but this has been dramatically scaled up.
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