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Thursday, October 22, 2026Updated 15:38 UTC

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Xona Raises $250M as Next-Generation Global Navigation Network Begins Deployment

Source: Business Wire · Oct 22, 2026 13:00 UTC

Interstate 69 running through suburban Fishers, Indiana, from the air — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

BURLINGAME, Calif.--(BUSINESS WIRE)--Xona, the commercial navigation company building the next generation of global navigation infrastructure in Low Earth Orbit, today announced $250 million in Series D equity funding led by Steve Jurvetson's Future Ventures, with participation from new and existing investors. A longtime SpaceX board member, Jurvetson is an early backer of Xona and has invested in

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