Refactor

Switzerland's Roche agrees to acquire US-based PathAI reut.rs/4whyxgB reut.rs/4whyxgB

I'm excited to announce @Astranis has raised $450 million of new capital. All of it so we can scale to meet surging demand for advanced high-orbit spacecraft— for GEO, MEO, and beyond. This includes a Series E led by Snowpoint and Franklin Templeton, with Andreessen Horowitz, BlackRock, Baillie Gifford, Fidelity, BAM Elevate, Nimble Partners, and Friends & Family Capital, participating alongside many others, totaling $300 million. A delayed-draw credit facility by Trinity Capital adds up to $155 million of additional capital to support the addition of new manufacturing capacity and support future growth. This comes at a turning point in the space industry, and for higher orbits specifically. In our commercial business, we've seen more demand than ever for sovereign systems. As countries and large enterprises need dedicated, secure communications infrastructure. Something that can only be provided from GEO. For our US Government customers, Astranis has proven we can serve as a Neo Prime for some of the most important defense missions. And we are now spooling up to support multiple US Government Programs of Record simultaneously. Astranis has now been selected as Prime for the initial phase of 3 separate Programs of Record— PTS-G, Resilient GPS, and RG-XX/Andromeda. And we’re just getting started. This comes as Space Force is seeing one of the largest budget increases ever seen by a service branch with this year’s budget increasing to $71.1 billion. That is in direct response to new space threats posed by adversaries China and Russia. With GEO being where our most critical national security space assets are, we can’t afford to delay. We need to get new capability deployed with incredible speed, and Astranis is ready to serve. Special thanks to the Astranis existing investors who also participated in this financing round and have backed us from the beginning, including ACE, Elefund, Garage Capital, Helium-3, Liquid2, Metaplanet, and Uncorrelated. This brings Astranis’s total raised to more than $1.2 billion, and this capital goes straight to work.

@RyanQualtrics @BillRMcDermott reminds me of the story of when Nat Friedman became CEO of github: - 9am all-hands - screenshared a list of issues users complained about - "today, we're going to fix one" - "tomorrow, we fix another one" - they fixed 100 issues in 100 days did i get it right ? @natfriedman