Xona Raises $250 Million to Remake 50-Year-Old GPS
THE SO WHAT
A $250M round at a $2.45B valuation to rebuild GPS with a commercial satellite network shows navigation is being treated as strategic infrastructure, not a free public good. Any product that depends on precise, reliable positioning—AVs, drones, logistics—should be tracking alternative PNT providers as potential resilience and performance levers.
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