<ul data-eligibleForWebStory="true"><li>Craft has announced its investment in Xona Space Systems' Series B, totaling $150 million, to support their low Earth orbit satellite network providing precise positioning and navigation.</li><li>Xona aims to revolutionize navigation technology, currently reliant on decades-old GPS satellites 20,000 kilometers above Earth, by offering a more accurate and reliable solution.</li><li>Xona's Pulsar constellation, with satellites flying closer to Earth and transmitting stronger signals, will offer centimeter-scale accuracy and compatibility with existing GPS chips through a firmware update.</li><li>Xona's founders, with experience at companies like SpaceX and Blue Origin, possess the expertise and vision to address navigation challenges, with the recent launch of their first commercial satellite, Pulsar-0, marking a significant milestone.</li></ul>

Why We Invested in Xona Space Systems

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