Andreesen Horowitz’s first space investment is an internet satellite, naturally
https://qz.com/1220073/astranis-andreesen-horowitzs-first-space-investment-is-an-internet-satellite/
The venture fund known for arguing that “software is eating the world” has taken a bite out of space with an $18 million investment in a satellite-builder called Astranis.
The company has developed an small, low-cost satellite design to provide internet connectivity from geostationary orbit, a very high altitude where satellites remain in place over one part of the earth. Having tested a prototype in low-earth orbit earlier this year, Astranis will use its new funds to build a full-fledged satellite with several gigabits of capacity and launch it next year.
Andreesen Horowitz’s first space investment is an internet satellite, naturally
Mar 2, 2018, 4:17pm UTC
https://qz.com/1220073/astranis-andreesen-horowitzs-first-space-investment-is-an-internet-satellite/
>The venture fund known for arguing that “software is eating the world” has taken a bite out of space with an $18 million investment in a satellite-builder called Astranis.
>The company has developed an small, low-cost satellite design to provide internet connectivity from geostationary orbit, a very high altitude where satellites remain in place over one part of the earth. Having tested a prototype in low-earth orbit earlier this year, Astranis will use its new funds to build a full-fledged satellite with several gigabits of capacity and launch it next year.