Sophia Space and SLI Set Terms for $300 Million Asset Financing for 10-Satellite High-Performance Edge Computing Constellation

SLI's asset financing model, proven across other asset classes, such as transportation and energy, now accelerates deployment of orbital infrastructure

PASADENA, Calif., Sept. 14, 2026 /PRNewswire/ -- Sophia Space today announced a $300 million financing framework with aerospace leasing specialist, SLI, for a planned 10-satellite high-performance edge computing constellation, bringing proven financing models used to scale aviation, energy, maritime, rail, and telecommunications, into this next phase of orbital computing. Under the arrangement, SLI will purchase the satellites from Sophia and lease them to the end-users on the basis of fixed monthly or quarterly payments.

Once deployed, the constellation would deliver aggregate computing capacity equivalent to 240 state-of-the-art edge servers, while allowing Sophia to preserve equity capital for technology development and operations.

The collaboration also reflects a long-term commitment between the two companies to develop the financing structures and deployment playbook that orbital compute infrastructure will require to move from the laboratory to low Earth orbit.

"Asset financing didn't invent aviation or shipping, but it accelerated them at scale," said Rob DeMillo, CEO and Cofounder of Sophia Space. "We're doing the same for orbital computing. This approach with SLI signals that Sophia Space's space infrastructure is mature enough to attract the capital structures that have historically built terrestrial infrastructure."

The financing structure, outlined in a non-binding letter of support, aligns SLI's financing with Sophia's build and deployment schedule, supporting the purchase and deployment of 10 Sophia TILE spacecraft through a long-term operating lease. Mission launches are scheduled for as early as 2028.

The constellation is designed to deliver in-orbit edge data services for applications including Earth observation, weather analytics, supply-chain management, and disaster preparedness, while also addressing growing demand for intelligence, surveillance, and reconnaissance (ISR) and other mission-critical security applications.

"Lowering barriers to entry unlocks markets," explained Praveen Vetrivel, Chief Executive Officer at SLI. "Sophia has the technology, the team, and the vision. What had been missing was access to scalable, non-dilutive capital. This framework provides it, giving them the capacity and flexibility they need to build the next layer of digital infrastructure."

The long-term lease is designed to span the satellites' expected useful lives, matching capital deployment with the revenue-generating life of the assets. The approach provides Sophia with a predictable financing structure for scaling its orbital infrastructure without relying exclusively on equity capital.

SLI is the aerospace subsidiary of Libra Group, which brings more than $15 billion in asset financing experience in the transportation industries to the space economy.

About Sophia Space Inc.
Sophia Space is building the future of orbital computing and in-space data centers. Its modular TILE technology enables passive computing alongside in-situ data processing, AI acceleration, and edge computing for satellites, defense systems, and commercial space stations, dramatically reducing latency and delivering actionable insights where and when they are needed. Learn more at www.sophia.space

About SLI
SLI was established by Libra Group in 2023 to address the capital needs of the rapidly growing aerospace industry by providing flexible, innovative asset-financing solutions with an initial focus on satellites, ground stations and frontier aviation assets, such as zero-emission electric aircraft. Leveraging Libra Group companies' decades of experience owning and leasing high-value, mission-critical assets around the world across aviation, maritime, and renewable energy, SLI seeks to bridge the gap between capital availability and asset deployment, accelerating the creation of an integrated aerospace economy. www.sliaerospace.com

SOURCE Sophia Space