Astranis unveils big plan for small internet satellites

Astranis satellite

An artist’s conception shows an Astranis satellite in geostationary orbit. (Astranis Illustration)

Astranis Space Technologies is taking the wraps off a plan to provide internet access to billions of people, using small-sized, low-cost satellites that are lofted into high-flying orbits.

The San Francisco-based venture emerged from stealth mode today and reported a $13.5 million Series A investment round, led by Andreessen Horowitz with additional participation by Y Combinator, Fifty Years, Refactor Capital and Indicator Fund.

The new investment brings Astranis’ total funding to $18 million. That may sound like a lot — until you consider that aerospace heavyweights such as SpaceX and OneWeb are spending billions of dollars pursuing the same goal.

The competition doesn’t faze Astranis CEO and co-founder John Gedmark, an aerospace engineer who previously served as executive director of the Commercial Spaceflight Federation.

Get the full story on GeekWire.

About Alan Boyle

Award-winning science writer, creator of Cosmic Log, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.
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