Former SpaceX Engineer's Xona Raises $19M for Pulsar GPS Alternative

May 8, 2024, 11:01 AM

Xona Space Systems, founded by a former SpaceX engineer, has successfully closed a $19 million Series A funding round to develop its Pulsar satellite network, an ultra-accurate GPS alternative. The funding round was led by Ventures Future and Seraphim Space, marking a significant milestone in the commercialization of space-based navigation. The company plans to deploy a constellation of small satellites closer to Earth, enhancing precision and power, and enabling indoor use with existing receivers. This initiative promises to rival traditional GPS systems by offering unprecedented navigational accuracy.