PARIS (Reuters) -Infinite Orbits has completed a 40 million euro ($46.40 million) funding round, it said on Monday, adding that the financing will help Europe to compete more effectively against the United States and China in the satellites sector.
The French satellites business will use the money to open new offices in Luxembourg, Spain, Britain, Germany and Poland, it said at the 'Choose France' business investment summit.
WHY IT MATTERS
Infinite Orbits is part of European efforts to challenge Elon Musk's Starlink satellite constellation. The Infinite Orbits financing round follows
The French satellites business will use the money to open new offices in Luxembourg, Spain, Britain, Germany and Poland, it said at the 'Choose France' business investment summit.
WHY IT MATTERS
Infinite Orbits is part of European efforts to challenge Elon Musk's Starlink satellite constellation. The Infinite Orbits financing round follows
1 month ago
