Xona, the commercial navigation company building the next generation of global navigation infrastructure in Low Earth Orbit, announced $250 million in Series D equity funding led by Steve Jurvetson's Future Ventures, with participation from new and existing investors.

A longtime SpaceX board member, Jurvetson is an early backer of Xona and has invested in just three space companies throughout his career: SpaceX, Planet and Xona. The financing values Xona at $2.45 billion and brings its total capital raised since 2019 to more than $570 million.