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CesiumAstro raises $730 million at $4.5 billion-plus for 737-satellite network
Techmeme, citing Loren Grush of Bloomberg, says Austin satellite maker CesiumAstro raised $730 million at a valuation above $4.5 billion for a planned 737-satellite LEO communications network.
Austin satellite manufacturer CesiumAstro raised $730 million in a new round that values the company at more than $4.5 billion, Techmeme reported Friday, citing Loren Grush of Bloomberg1.
Techmeme said the company plans a 737-satellite low Earth orbit communications network at two altitudes1. Bloomberg, as summarized there, put CesiumAstro's total funding at $1.4 billion after the round1.
The aggregator presented the round as funding for that constellation, without naming lead investors or a launch timetable in its headline summary1.
Independent confirmation of investor terms, orbit altitudes and cumulative capital beyond the Bloomberg summary on Techmeme was not in that item1.
