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Xona Space Systems announced a $250M Series D funding round led by Steve Jurvetson, valuing the company at $2.45B. The capital accelerates production for its Pulsar constellation aiming to begin service in 2027. Xona plans to produce 50 satellites annually by the end of 2027 after hiring Waymo veteran Patrick Cadariu as COO.
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Summary by ByteBrief

Xona, which plans to deploy a 258-satellite low-Earth orbit constellation as a commercial alternative to GPS, raised a $250M Series D at a $2.45B valuation (Monica Hunter-Hart/Forbes)

Xona Raises $250M for GPS Rival
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