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SWISSto12 raised $70M, and it is that rare thing: a profitable space startup

SWISSto12 raised $70M, and it is that rare thing: a profitable space startup

Most space-hardware startups raise money because they are burning it. SWISSto12 raised $70m while turning a profit, an unusual thing in the satellite business. The Swiss company closed the €61m round days after ESA member states put $84.8m into its HummingSat…

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