Xona raises $250M at $2.45B valuation to scale Pulsar
Steve Jurvetson's Future Ventures led the Series D, which brings Xona's total capital raised above $570M. The company plans to spend the proceeds on manufacturing, satellite deployments and the systems needed to operate a global service.
By RuntimeWire Staff · Published
Primary source: Bloomberg Technology
Why it matters
The $250 million finances the manufacturing and operations required to build a commercial navigation network. Xona has disclosed its funding and spending plans, while revenue, pricing and paying-customer numbers remain unknown.
Xona Space Systems, a satellite-navigation startup, raised $250 million in a Series D at a $2.45 billion valuation on October 22nd, bringing its total capital raised to more than $570 million. Co-founder and CEO Brian Manning said the funding will help move Pulsar from technology demonstrations into production and service operations.…
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