Xona Secures $250 Million in Series D Funding to Advance Pulsar Satellite Network
Satellite technology firm Xona has raised $250 million in a Series D funding round, bringing the company's valuation to $2.45 billion. The capital injection follows the successful launch of six satellites intended to bolster the company's Pulsar network, which claims to provide signals up to 100 times more powerful than traditional GPS. In broader market news, Meta Platforms reported strong earnings and optimistic guidance, reinforcing its position as a significant component of the NYSE. Additionally, F&G released its annual Retirement Reconsidered Survey, highlighting shifting trends in retirement planning among Americans aged 50 and older.
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