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Capella Space raises $60 million from fund run by billionaire entertainment exec Thomas Tull - TL;DR CNBC

Capella Space raises $60 million from fund run by billionaire entertainment exec Thomas Tull

Publishing timestamp: 2023-01-10 14:00:01


Summary

San Francisco-based satellite imagery specialist Capella Space raised $60 million from U.S. Innovative Technology Fund of billionaire Thomas Tull. This brings Capella to about $250 million in total equity and debt financing since its founding in 2016. Capella has seven satellites in orbit currently, with its next-generation Acadia satellites "lined up" to launch this year. The company has also brought on three executives and doubled its head count to just over 200 people.


Sentiment: POSITIVE

Tickers: ADPTZ

Keywords: san franciscoaerospace and defense industrybreaking news: technologybusinessthe edgespace industrybusiness newsmarketstechnologyventure capitaltransportationbreaking news: business

Source: https://www.cnbc.com/2023/01/10/capella-space-raises-60-million-from-billionaire-thomas-tulls-fund.html


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