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Business/Financial

Boeing HorizonX Invests In Australian Satellite Communications Firm

By Cal Biesecker

Monday, March 26th, 2018

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Boeing HorizonX Invests In Australian Satellite Communications Firm

Boeing [BA] on Monday said its HorizonX ventures arm has made an investment in a small Australian company focused on nanosatellite communications for remote areas.Boeing doesn’t disclose the specifics of its HorizonX investments other than to say they range in the singled millions of dollars to the low double-digit millions of dollars. For the investment in the nanosatellite communications startup Myriota, Boeing joined other investors in a $15 million Series A funding round.Myriota is developing direct-to-orbit technology that Boeing said…

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