# Xona Raises $250 Million to Remake 50-Year-Old GPS — retained record

> Retained news record from news:bloomberg-tech.

Canonical: https://highsignal.app/data/records/fee06edc9827c013

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source: [news](https://highsignal.app/data/news) (news:bloomberg-tech)  published 2026-10-23 17:54 ingested 2026-10-23 20:26

[original source ↗](https://www.bloomberg.com/news/videos/2026-10-23/xona-raises-250-million-to-remake-50-year-old-gps-video)

## retained text



```
Xona – a startup working to improve GPS with a new purpose-built commercial satellite navigation network – has raised $250 million at a $2.45 billion valuation. Xona CEO and co-founder Brian Manning discusses the difference the company’s smaller, more scalable satellites make, its recent regulatory approvals and plans for commercialization. Manning joins Ed Ludlow on “Bloomberg Tech." (Source: Bloomberg)
```



document fetched 2026-10-23 22:17 · canonical https://bloomberg.com/news/videos/2026-10-23/xona-raises-250-million-to-remake-50-year-old-gps-video