Tag: Digital Infrastructure
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FOSSA Raises €9.25 Million to Expand IoT Satellite Network and Sovereign Space Capabilities
Spanish IoT satellite company FOSSA has secured €9.25 million (US$10.5 million) in a funding round to support international expansion and the continued deployment of its low Earth orbit (LEO) satellite constellation. The company said the new capital will be used to expand its commercial operations, strengthen its workforce, develop new security and defense capabilities, and…
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Northwood Space Unveils Prism Antenna to Support High-Throughput Satellite Communications
Northwood Space has introduced Prism, a new parabolic antenna system designed to support high-volume satellite communications and growing demand for data-intensive space applications. The company said the 2.4-meter antenna is engineered to deliver high-throughput, bidirectional connectivity across multiple orbital regimes and is intended for use cases including enterprise backhaul, direct-to-cellular services, and space-based computing networks.…
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Sophia Space Raises Funding, Plans In-Orbit Demonstrations of Orbital Computing Platform
Sophia Space has announced new funding and a series of planned in-orbit demonstrations as it advances development of its orbital computing technology platform. The company said it is finalizing a $7 million SAFE financing round that is expected to close this week. Investors participating in the round include EverGreen, the NVIDIA Alumni Investment Network, SparkLabs…
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Jio Explores Sovereign LEO Satellite Constellation to Expand Broadband Coverage Across India
India’s largest telecom operator, Jio Platforms, is evaluating the development of a sovereign low-Earth orbit (LEO) satellite constellation as part of a broader strategy to expand broadband connectivity across the country. The plan was outlined by Akash Ambani, chairman of Reliance Jio Infocomm, during the company’s shareholder meeting on June 19. Dual Satellite Strategy According…
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Symphony Space Unveils Orbital Data Center Platform With Upgradeable AI Hardware
Virginia-based startup Symphony Space has unveiled a new orbital data center platform designed to support artificial intelligence workloads in space, expanding its ambitions beyond hosted payload services and into the rapidly emerging market for space-based computing infrastructure. The new platform, known as Adagio-XL, builds on the company’s previously announced Adagio hosted payload satellite and is…
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SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.77 Trillion Valuation
SpaceX has completed the largest initial public offering (IPO) in U.S. history, raising $75 billion and achieving a market valuation of approximately $1.77 trillion as the company prepares to begin trading on the Nasdaq. The offering was priced at $135 per share, with investors purchasing 555.56 million shares. The transaction surpasses the previous global IPO…
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Orbital Raises $5 Million to Develop Distributed Space-Based AI Data Center Network
Los Angeles-based startup Orbital has raised $5 million in a pre-seed funding round to support the development of a space-based computing network aimed at providing artificial intelligence processing capabilities from orbit. The funding round was led by Speedrun, the startup accelerator operated by Andreessen Horowitz (a16z), and included participation from a broad group of venture…
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Eutelsat Signs Maritime Connectivity Agreement With Tototheo Global
Eutelsat has signed a new agreement with Cyprus-based connectivity provider Tototheo Global to expand the availability of its low-Earth orbit (LEO) satellite services across maritime, enterprise and government markets. Under the partnership, Tototheo Global will deliver Eutelsat’s OneWeb LEO connectivity services to maritime customers worldwide and support enterprise, civil government and military connectivity requirements in…