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Loft Orbital flies customer payload or technology as a service, charging an annual fee in a pay-for-performance model. The firm was founded in 2017 by Alex Greenberg, Antoine de Chassy, and Pierre-Damien Vaujour, in San Francisco, California.
The company provides space missions that require custom engineering, payload adapters, satellite buses, standardization, licensing and regulation, launch services, ground services, and financing and regulations. The company has interface technology known as the Payload Hub, which accommodates all payload and mission types. The Payload Hub is capable of decoupling satellites and payload developments.
Loft Orbital's belief is that organizations should be able to avoid risk and complex costs of procuring and owning their own spacecrafts. The company pushes most of its costs to post launch under a pay-for-performance service-level agreement, meaning that customers only pay for services provided.
The company had prepared and booked a launch in January 2020 through Spaceflight Industries, which will begin preparing a constellation to carry payloads for customers without satellites. Their first mission is to carry five payloads for customers.
Loft Orbital currently has a range of partners across different segments of their business model, including satellite bus, launch, ground segments, payload, and analytics.
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