According to Forbes, U.S. satellite startup Xona Space Systems has completed a $250 million Series D round, valuing the company at $2.45 billion. The round was led by Future Ventures, a firm co-founded by Steve Jurvetson, an early investor and former board member of SpaceX, who invested $78.5 million in this round.
Satellite navigation startup Xona completes $250 million Series D financing.
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Summary
U.S. satellite startup Xona Space Systems has secured $250 million in D-round funding, according to crypto news sources. Led by Future Ventures, the round valued the company at $2.45 billion. Steve Jurvetson, co-founder of Future Ventures and former SpaceX board member, invested $78.5 million. The funding follows increasing interest in space-based infrastructure. More cryptocurrency news on emerging tech deals is expected in the coming weeks.
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