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LegacyNupe_

@legacynupe_

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Posted On: August 27th 2024, 01:07 am

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The CEO of this startup disrupting space communications sure knows how to talk to stars.⁣ ⁣ Northwood Space, led by Bridgit Mendler—whom 2010s kids know as Teddy from Disney Channel’s Good Luck Charlie—raised $375 million this week. The fundraising round co-led by Andreessen Horowitz and DFJ Growth valued the California-based company at $2 billion.⁣ ⁣ Mendler founded Northwood in 2022 to develop cutting-edge ground stations and antennas to transmit signals to satellites, upstaging clunky old-school rotating dishes.⁣ ⁣ The upstart has been riding the space infrastructure investment wave that’s expected to reach $100 billion this year by pitching investors on its ability to quickly fill the gap in ground hardware needed to give the surging number of satellites in orbit a secure connection to earth. It says it launched six satellite command sites on two continents since its previous fundraising round in January.⁣ ⁣ Earlier this year, the company inked a $50 million contract with the US Space Force to help it upgrade its satellite control tech.⁣ ⁣ 📸: Getty, Nortwood Space, The New Yorker
Do you trust this government with your $1.6 BILLION? Ottawa has committed up to that amount to buy into AI company Cohere. But when Vassy Kapelos asked Minister Evan Solomon what percentage Canadians would own, he wouldn’t disclose it. Commercial sensitivity. Sound familiar? That’s what’s they said with Volkswagen and many others. Look at the record of federal and provincial governments backing companies with public money: 🔴 Northvolt: Quebec lost $270 million invested in the Swedish parent company. (globalnews.ca⁠) 🔴 Lion Electric: Quebec lost approximately $140 million, according to The Canadian Press. (montreal.citynews.ca⁠) 🔴 Recyclage Carbone Varennes: Quebec’s $117 million equity stake was lost, alongside further losses on public loans. The assets sold for just $17.5 million. (montreal.citynews.ca⁠) 🔴 Medicago: Ottawa lost a $150 million non-refundable vaccine advance. (search.open.canada.ca⁠) 🔴 Novavax: After Canada terminated its vaccine agreement, the company booked US$575.7 million from previously recorded payments and liabilities as revenue. It refunded US$28 million. (sec.gov⁠) And they get away with it? Vast? “Ok”. It’s not ok. Disclose the deal or you don’t get to use our money.
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It’s about time to hit the range 🎯 #explorepage #hobbies #outdoors
Day 759 of not cutting my hair until @manutd win 5 games in a row! 🔴 Current Streak - 0/5 Little Princess Trust Fundraiser in bio 💜 #manutd #mufc #hairgrowth #carrick #championsleague
it's day 4 for me actually 😃 #halloween #halloweek #goingout #partying #funny
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