Satcom Startup E-Space Lands $50M in Seed Funding

E-Space, founded by O3b and OneWeb founder Greg Wyler and with plans for as many as 100,000 communications satellites, said Monday it secured $50 million in seed funding led by Prime Movers Lab. It said the financing funds launch of its test satellites in March and a second test launch later this year, with mass production to start in 2023.