Focus: Investors
July 9, 2024
Defense tech private equity firm AE Industrial Partners has closed its third flagship private equity firm with $1.28 billion in capital commitments. AE Industrial Partners announced the fund, Fund III, on Tuesday. AEI has already deployed more than a quarter of Fund III into five platforms and three add-on investments including smallsat manufacturer York Space…
June 12, 2024
Satellite developer and manufacturer Apex on Wednesday said it has closed a $95 million funding round that will allow it to begin to scale production and expand its suite of standardized and configurable spacecraft buses that it eventually expects to deliver within weeks of an order. Demand is strong and the customer base is growing, the product…
May 9, 2024
Globalstar reported $56.5 million of revenue in the first quarter of 2024, a $500,000 increase from the same time last year. In its May 8 financial report, the company reported continued growth in commercial IoT, and a new satellite proof-of-concept for a government services company. Globalstar noted that there was a nonrecurring revenue item in…
May 8, 2024
Satellite navigation startup Xona has raised $19 million in a Series A funding round, the company announced Wednesday. Future Ventures and Seraphim Space led the round, which also included new investors NGP Capital, Industrious Ventures, Murata Electronics, Space Capital, and Aloniq. Xona is developing a Low-Earth Orbit (LEO) satellite network to provide commercial navigation services.…