Xona raises $250 million two days after launching six satellites for its commercial navigation network

The California startup, which is building a satellite navigation network in low Earth orbit to run alongside GPS, is now valued at $2.45 billion.

Published October 22, 2026 · 8:35 PM ET

A full-scale wall graphic of a Xona Pulsar navigation satellite with its solar wings unfolded, at the company's headquarters in August 2026. Steve Jurvetson (jurvetson on Flickr), via Wikimedia Commons · CC BY 4.0

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