Friday, February 14, 2020

Astranis raises $90 million for its micro-GEO satellite ambitions

Astranis Space Technologies Corp., a start-up based in San Francisco, raised $90 million in new debt and equity funding for its micro-geostationary satellite plans.

Astranis plans to manufacture and operate small geostationary satellites. Its first mission is to bring widespread broadband internet access to the people of Alaska, where 39% of the population still has unreliable internet access.

The Astranis satellites are expected to weigh approximately 350kg and will leverage software-defined radio capabilities.