What Happened
Startup Disrupts Government Space Monopolies With Precision Timing
Xona Space Systems is preparing to launch its commercial GPS alternative, a precision timing and navigation service that will enter beta testing after six satellites designed by the company are launched into orbit. The service, called Pulsar, will offer centimeter-level precision for geolocation and a strong signal that can be detected inside buildings and in urban environments. Xona has raised over $300 million from venture investors and is focused on offering a commercial service, with the US government also interested in the technology. This development was first reported by TechCrunch.