CesiumAstro raises $730M to build a satellite communications network
Janus Henderson led the $730M Series D at a valuation above $4.5B. Bloomberg did not give a deployment schedule for CesiumAstro's planned network.
By RuntimeWire Staff · Published
Primary source: Bloomberg Technology
Why it matters
CesiumAstro is using a $730 million Series D to add operating a planned satellite communications network to its existing business of selling phased-array payloads and satellite platforms. That would add recurring connectivity revenue alongside hardware sales, while leaving open whether the network is the proposed 737-satellite Synchronicity constellation described in a separate FCC filing.
CesiumAstro founder and CEO Shey Sabripour has spent most of his career building the radios other people's satellites talk through. Bloomberg reported on November 5th that CesiumAstro raised $730 million in a Series D to build a planned satellite communications network for businesses and governments, with CesiumAstro [planning to operate the…
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