MENLO PARK, CA, 16 January 2025 — LeoLabs, the world's leading mission partner for persistent Orbital Intelligence, today announced it won more than $50M in contracts in 2024, closing out a year of record bookings for the company. LeoLabs achieved nearly 140% year-over-year revenue growth in 2024, as it doubled down on its commitment to Space Domain Awareness (SDA) missions while continuing to set the gold standard in support for Space Traffic Management (STM) and commercial space missions.
In 2024, LeoLabs increased its investment in SDA capabilities, including advances in AI-driven threat analysis and the completion of its 11th radar—a next-generation Ultra High Frequency system in Arizona, built in less than five months. Partially funded by an AFWERX Small Business Innovation Research (SBIR) award, this radar is already tracking 10,000 space objects and serving as a testbed to advance new capabilities.
Demand for LeoLabs solutions is growing in parallel with a rising number of satellites and increasing threats in Low Earth Orbit (LEO). In 2024, the number of resident space objects in LEO expanded by 15%, and 90 of 259 launches into LEO originated from China, Russia, North Korea, and Iran.