Focus: Investors
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.…
April 23, 2024
Spanish launcher in development PLD Space has raised 78 million euros ($84 million) from investors, the company announced Tuesday. The company plans to use the funds to open the first rocket factory in Elche, Spain in mid-2024. This new funding is in addition to 42 million euros ($45 million) the company received from the Spanish…
April 22, 2024
Seraphim Space closed a new venture fund, Seraphim Space Ventures II LP, with backing from satellite operator Eutelsat Communications, Japanese telco NEC and Japanese satellite operator SKY Perfect JSAT. Seraphim announced the first close of the SSV II fund on Monday. The fund will be focused on investing in Seed and Series A-stage companies. Seraphim…