Milestone
Aug 2022
Reach $100MM in Letters of Intent
RE
Sep 28, 2023
To gain initial traction in our specific service and validate the market, we set out to build relationships with customers and get letters of intent and support. With the letters of intent, we were able to capture what our customer base was willing to pay and how often they were looking to fly over the coming years.\r\n\r\nIn Orbit understands these letters are non-binding and don't represent sales contract. These, along with letters of support and memoranda of understanding, served to capture the value our customers see in our service.