Lynk Global fundraise passes $85 million as direct-to-smartphone satellite race heats up

Lynk Global fundraise passes $85 million as direct-to-smartphone satellite race heats up

Lynk Global has raised more than $85 million to expand its direct-to-smartphone satellite network, as growing momentum from SpaceX and AST SpaceMobile highlights the market’s emerging potential. The post Lynk Global fundraise passes $85 million as direct-to-smartphone satellite race heats up appeared first on SpaceNews.

Lynk Global fundraise passes $85 million as direct-to-smartphone satellite race heats up - Los Angeles Weekly Times

TAMPA, Fla. — Lynk Global has raised more than $85 million to expand its direct-to-smartphone satellite network, as growing momentum from SpaceX and AST SpaceMobile highlights the market’s emerging potential. The Falls Church, Virginia-based venture disclosed the Series B funding in a Feb. 11 regulatory filing that showed plans to raise $215 million in total — more than double the amount sought last year. The sale includes warrants, allowing inv…

Lynk Global secures over $85M amid satellite smartphone race.

Lynk Global Secures Over $85 Million to Enhance Direct-to-Smartphone Satellite Network Lynk Global, a pioneering company based in Falls Church, Virginia, has recently announced a substantial financial boost of over $85 million. This funding is intended to expand its innovative satellite network that directly connects to smartphones, showing the growing interest in the market from […]