Custommapposter
By Custommapposter
Hubble Network Raises Funding to Reach $1.6B Valuation with Bluetooth-Enabled Satellite IoT System
Hubble Network, an Australian-backed satellite startup, raised a funding round valuing it at $1.6 billion, earning unicorn status by developing a satellite system that relays data via Bluetooth-enabled devices. Its technology promises expanded connectivity for remote areas but raises questions about impacts on existing infrastructure and digital equity.
Hubble Network Raises $200M Led by VC Linked to Salesforce Ex‑Co‑CEO, Valued at $2.3B to Build Global Bluetooth‑Relay Satellite Network
Hubble Network raised $200 million in a funding round led by a VC tied to Salesforce’s former co‑CEO, valuing the Australian‑backed satellite startup at $2.3 billion; it aims to build a global satellite system that relays data from Bluetooth‑enabled devices to expand connectivity for sectors like agriculture, logistics, and disaster response.
Portal Space Systems launches Starburst, a 600-pound prototype carrying the largest superconducting magnet into orbit
Portal Space Systems, a Bothell, Washington startup that scaled from a garage to a 65,000-square-foot facility in five years, is preparing to launch Starburst, a 600-pound prototype carrying what the company says is the largest superconducting magnet ever flown in space. The piece argues this milestone exemplifies a broader shift toward fast, iterative, regional aerospace startups challenging traditional, bureaucratic models.
