California startup Xona has raised 250M USD in a Series D at a 2.45B USD valuation to build Pulsar, a commercial satellite navigation network to rival GPS. Led by Future Ventures, the round lifts total funding since 2019 past 570M USD. Six satellites launched this month, with beta service due in 2027 and an FCC licence for a private network running alongside GPS. https://thenextweb.com/news/xona-250m-series-d-gps-rival-low-earth-orbit #Tech #Startup #News #SpaceTech