LeoLabs Up For $150 Million Loan From DoD To Expand Space Domain Awareness Network

The Pentagon's Office of Strategic Capital has made a $150 million conditional loan commitment to LeoLabs to expand its space-domain-awareness radar network. Matched private co-investment would bring the combined financing to $300 million, supporting production and deployment of multimission phased-array radars and mobile Scout units. The network detects and tracks spacecraft and other orbital objects, providing cloud-based data and unclassified information sharing for military and allied users. The commitment remains subject to financial, legal, technical and due-diligence conditions before closing, so it represents proposed financing rather than a completed loan disbursement or a radar procurement contract.