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UAE-Based Group Leads $1 Billion Satellite Constellation Project
Source: Bloomberg
Artificial IntelligenceTechnology & InnovationPrivate Markets & Venture
A consortium led by UAE-based Marlan Space and US-French startup Loft Orbital plans to invest $1 billion to add 40 satellites to an AI-infused space constellation. The investment signals significant private-sector backing for AI-enabled satellite infrastructure, with likely relevance for space technology and communications suppliers.
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