LeoLabs, the world’s leading mission partner for persistent Orbital Intelligence, announced it won over $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, doubling its commitment to Space Domain Awareness (SDA) missions while continuing to set the gold standard 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. Additionally, LeoLabs secured a second AFWERX SBIR award in 2024 to develop a next-generation S-Band radar system is set to debut in early 2025.

Demand for LeoLabs solutions is growing in parallel with the 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. 

 Launches, spacecraft, and activity in LEO will surge again in 2025. As LeoLabs continues to scale this year, the company will further proliferate its Global Radar Network and introduce innovations that fuel persistent Orbital Intelligence, including enhanced data offerings and cutting-edge, AI-powered analytic tools.