Internet Satellite Co. Says $90M Will Help It Launch Into Space

By Elise Hansen (February 13, 2020, 6:18 PM EST) -- Internet satellite company Astranis said Thursday it received $90 million from investors to launch its first commercial satellite, which aims to bring internet connectivity to underserved areas.

Astranis Space Technologies Corp. said it's building a telecommunications satellite that's much smaller than traditional satellites but with outsize bandwidth. The California-based startup said it's taking aim at global internet connectivity by trying to reduce the costs associated with satellite internet.

"Astranis aims to solve a problem in the modern space race that hasn't been cracked: bringing the next four billion people online with low-cost, reliable internet," the announcement said.

Astranis said it has...

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