Kymeta Corporation Secures Additional $84 Million in Equity Financing

REDMOND, Wash., March 15, 2022 (Kymeta PR) – Kymeta, a world leading company for flat panel antennas that make mobile global, announced today the closing of additional equity funding totaling approximately $84 million, led by Bill Gates and participation by Hanwha Systems, among other investors.

The multi-million-dollar investment will be used to drive Kymeta’s innovations forward, accelerate the production of its innovative electronically-steered flat panel technology and further evolve the company’s growth as it prepares to expand our offerings for LEO and defense customers. With this financing, the company is also nearing fully funded and will allow Kymeta to expand its manufacturing capacity to meet increasing customer demand for Kymeta’s flat panel antennas while continuing to evolve the u8 product line in the Ku-band as well as bring the same complete product family into the Ka-band in the future.

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Astra Space Applies to Launch More than 13,000 Satellites; Proposed Broadband Constellations Exceed 79,000 Spacecraft

by Douglas Messier
Managing Editor

Astra Space has applied to the Federal Communications Commission (FCC) the launch more than 13,000 communications satellites into low Earth orbit (LEO), joining SpaceX, OneWeb, Amazon and other companies seeking to provide broadband services across the globe. The application brings the number of proposed satellites in these constellations to more than 79,000.

“The Astra Constellation as proposed would ultimately consist of as many as 13,620 operational LEO satellites, supported by a global network of gateway earth stations utilizing the identified V-band frequency bands for feeder links for space-to-earth transmit and receive,” the company’s application said.

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SPACovirus Sweeps Space Sector

Richard Branson celebrates the first Virgin Galactic trade on the New York Stock Exchange. (Credit Virgin Galactic)
Wall Street’s latest easy money craze has attracted a growing number of space companies. But, just because they can go public, should they?

by Douglas Messier
Managing Editor

Seven space companies have gotten caught up in the SPACovirus sweeping through Wall Street. The impact on the space industry is going to be interesting to watch.

A SPAC is a special purpose acquisition company. It’s a publicly traded investment firm that, with outside investors, acquires or merges with another company, and then takes the acquisition public under its own name.

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Kymeta Corporation Secures Approximately $85 Million Financing Round to Accelerate Growth, with Funding from Bill Gates

Global Communications Company, Kymeta Corporation, to Aggressively Accelerate New Product Development and Commercialization for Satellite and Cellular Communications Globally for the Next Generation Electronically Steered Flat Panel Antenna and Kymeta Connect™ Services.

REDMOND, Wa,, August 25, 2020 (Kymeta PR) — Kymeta Corporation (www.kymetacorp.com), the communications company making mobile global — is excited to announce the recapitalization of the company along with the successful funding raise of approximately $85 million, led by Bill Gates with members of the leadership team personally investing approximately $1 million led by Executive Chairman, Doug Hutcheson.

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EarthNow to Deliver Real-Time Video Via Large Satellite Constellation

Greg Wyler of OneWeb

BELLEVUE, Wash. (EarthNow PR) — EarthNow LLC announces intent to deploy a large constellation of advanced imaging satellites that will deliver real-time, continuous video of almost anywhere on Earth. The latest company to spin-out from Intellectual Ventures, EarthNow recently closed a first round of financing with investments from Airbus, the SoftBank Group, Bill Gates, and Greg Wyler. The initial funding focuses primarily on maturing the overall system design to deliver innovative and unique real-time Earth observation services.

According to EarthNow’s founder and CEO, Russell Hannigan, “EarthNow is ambitious and unprecedented, but our objective is simple; we want to connect you visually with Earth in real-time. We believe the ability to see and understand the Earth live and unfiltered will help all of us better appreciate and ultimately care for our one and only home.”

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Saving the World, Six Millionauts at a Time

Space tourism is nigh, but a new space age is not
Crosscut.com

In a thought-provoking essay, Robert Fortner takes a look at the limitations of SpaceShipTwo as well as the divergent paths of Microsoft co-founders Paul Allen and Bill Gates. Allen is a major force behind space tourism, while Gates is focused on more down-to-Earth concerns.

“The space evangelists seek to transcend the present and this earth in an almost religious fashion. According to their creed, humankind will overcome its imperfections in the heavens, rising above mere terrestrial concerns in themselves paltry and base. Philosophically, the Bill and Melinda Gates Foundation stands in diametric opposition to rocket building. The Gateses seek to make heaven on Earth, directing science, technology, and the market toward more immediate service to humanity, particularly the most wretched of the earth.”