Andreesen Horowitz’s first space investment is an internet satellite, naturally

Andreesen Horowitz’s first space investment is an internet satellite, naturally

6 years ago
Anonymous $gcegwZ91io

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.