Xona raises $250M at a $2.45B valuation to build a rival to GPS

Xona, a California startup building a satellite navigation network in low Earth orbit, has raised $250 million at a $2.45 billion valuation. Steve Jurvetson’s Future Ventures led the Series D, Xona said on Thursday. The round comes seven months after a $170 million Series C. It takes Xona’s total funding since 2019 past $570 million. […] This story continues at The Next Web