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Xona Space Systems

Xona Space Systems

Private
Burlingame, CaliforniaFrontier & Industrial Techhttps://xonaspace.com

Last Round

Series D

Oct 22, 2026

Est. Valuation

$2.45B

Total Funding Raised

$599.65M

Momentum

Top 1%

of companies Caplight tracks

Company Overview

Xona Space Systems operates in Frontier & Industrial Tech and is based in Burlingame, California. Its latest recorded funding round was a Series D round in October 2026.

Xona Space Systems is an aerospace company that develops a constellation of low-earth orbiting satellites to provide high-precision, resilient positioning, navigation, and timing (PNT) services for autonomous systems and critical infrastructure.

Sector

Frontier & Industrial Tech

Verticals

Space Technology, Satellite Communications, Defense Tech, Autonomous Vehicles, Aviation & Drones

Business Model

B2B

Customer Profile

Data as a Service, Government Contracts, Subscription SaaS

AI Layer

Non-AI

Keywords

PNTLEO PNTPositioning, Navigation, and TimingGPS alternativesatellite navigationresilient PNTLEO satellite constellationSatNavhigh-precision navigationcentimeter-level accuracyautonomous systems navigationsecure navigationanti-jamminganti-spoofingdefense navigationPNT data as a serviceprecision agriculture

Historical Pricing

Historical view of private secondary pricing and transaction trends.

Pricing history

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

Momentum history

Caplight clients track how buyer interest and sentiment change over time.

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Xona Space Systems Comparables

Compare Xona Space Systems with similar companies based on industry and business-model similarity.

Xona Space Systems comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
TrustPoint, Inc.
83%
Swift Navigation
79%
Iridium Communications
78%
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Xona Space Systems Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series DOct 22, 2026
Series CMar 26, 2026
Series BJun 26, 2025
GrantJun 26, 2025
GrantFeb 25, 2025
Series A
May 8, 2024
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Secondary Market Activity

Bids, offers, and trades by month

Data table
OperationDatePriceSizeShare ClassStructure
OFFER

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Key People

Founding team and executive leadership

Brian Manning

Co-Founder CEO

Founding Team

Jonathan Wakenshaw

Chief Operating Officer

Executive Team

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Xona Space Systems Investors

Notable investors and investment history

Xona Space Systems investors
InvestorRounds
MaC Venture CapitalSeries A Extension, Seed
Future VenturesSeries B, Series D, Series A
ICONIQ CapitalSeries C
Natural CapitalSeries C
1517 FundSeries A Extension, Series A, Pre Seed, Seed
Seraphim Space AcceleratorSeries A
GaingelsSeries A Extension
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Market signals

Structured signals derived from secondary market and firmographic data.

  • Oct 22, 2026

    $250M round led by Future Ventures.

  • Sep 2, 2026

    Grew 19% QoQ, from 135 to 160 employees.

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Recent news

Latest coverage and updates

  • attends_eventOct 31, 2026

    Xona Space Systems, Inc. attends Silicon Valley Space Week on Oct 29th '26, where its co-founder and CEO Brian Manning says its first six satellites start providing commercial service in early 2027.

  • receives_financingOct 23, 2026

    Xona Space Systems, Inc. completes a $250M Series D on Oct 22nd '26, with Future Ventures leading the financing and contributing $78.5M; the company says it plans to expand production and its fleet.

  • has_valuationOct 22, 2026

    Xona Space Systems, Inc. reaches a $2.45B valuation following its Series D round in New York on Oct 22nd '26.

  • receives_financingOct 22, 2026

    On Oct 22nd '26, Xona Space Systems, Inc. receives $250M in Series D funding at a $2.45 billion valuation, led by Steve Jurvetson’s Future Ventures with participation from new and existing investors, to deploy and scale its commercial satellite navigation network.

  • invests_into_assetsOct 21, 2026

    Xona Space Systems, Inc. invests $64.8M into a mission operations and space systems development and manufacturing centre in Canada, with the project receiving a $15M Government of Canada investment through the Strategic Response Fund on Oct 20th '26.

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Xona Space Systems Filings

Explore SEC and related filing metadata, where available.

Xona Space Systems filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Xona Space Systems's valuation, stock price, and market status.

Is Xona Space Systems a public or private company?

Xona Space Systems is a private company.

What is the current stock price of Xona Space Systems?

Xona Space Systems is a private company, so its shares have no public market price. Caplight tracks Xona Space Systems's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.

How much is Xona Space Systems worth (valuation)?

Xona Space Systems's valuation is estimated at $2.5B based on funding round data.

Can I buy Xona Space Systems stock?

Xona Space Systems shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.

When was Xona Space Systems's last funding round?

Xona Space Systems's most recent funding round was Series D on October 22, 2026.

Who are the main investors in Xona Space Systems?

Key investors in Xona Space Systems include MaC Venture Capital, Future Ventures, Natural Capital, 1517 Fund, Craft Ventures.

Will Xona Space Systems IPO soon?

No public IPO plans have been announced for Xona Space Systems.

How can I track Xona Space Systems secondary market activity?

Caplight tracks bids, offers, and trades in Xona Space Systems's shares on secondary markets.

Firmographic Details

HeadquartersBurlingame, California
Employee Range118
Year Founded2019
Last FundingOct 22, 2026

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