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Project Overview
Orbital is a traditional finance and crypto payments platform for global enterprises. Orbital combines fiat and crypto business accounts to enable traditional, global enterprises, particularly those with exposure to emerging markets, to integrate stablecoins, as well as other major cryptocurrencies and traditional currencies, into existing payment flows. Its APIs further act as an embedded finance solution for stablecoin payments.
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Space AI Company Loft Orbital Secures $1 Billion Investment from UAE to Deploy 50 AI Satellites
According to France's Le Monde, the UAE will invest $1 billion through Marlan Space, a subsidiary of International Holding Company (IHC), into the French-American joint space AI startup Loft Orbital to build an observation satellite constellation consisting of 50 AI-enabled satellites. Unlike traditional satellites that transmit data back to Earth for analysis, the company plans to use AI to directly process images, videos, and measurement data collected by the satellites in space, with AI agents identifying anomalies and issuing alerts within seconds.
Elon Musk Bets Big on Space AI: Orbital Computing Could Be the Only Way to Scale AI Computing Power
Odaily News: Musk stated that due to insufficient electricity supply and difficulties in approving ground-based facilities, orbital computing (i.e., space-based computing platforms) may be the only way to massively scale AI by around 2029.
SpaceX Warns Investors Orbital AI Data Centers May Not Achieve Commercialization
Odaily News SpaceX stated in its IPO filing documents that orbital AI computing, along with lunar and Martian industrialization efforts, are still in their early stages and involve significant technical complexities, potentially preventing them from achieving commercialization. Elon Musk once called space AI computing an obvious choice, believing that orbit could become the lowest-cost location for AI within two to three years. The document warns that orbital AI data centers operate in harsh and unpredictable space environments, where system failures may occur. Additionally, delays in the development of Starship could also limit the company's growth strategy. SpaceX currently targets a valuation of approximately $1.75 trillion and plans to raise $75 billion in the coming months.