HEADLINE: Google Spinout Aalyria Raises $100M at $1.3B Valuation in Space Communications Push
LEAD: Aalyria, the space-based communications startup spun out of Google in 2022, raised $100 million in a funding round led by Battery Ventures, valuing the company at $1.3 billion, according to CNBC.
BODY: The financing arrives as U.S. government spending on national security satellites and defense technology accelerates, particularly under the Trump administration's push to counter Chinese capabilities in space.
Aalyria was founded as a Google project focused on high-capacity wireless communications infrastructure. The company's funding round reflects investor appetite for space-tech ventures aligned with government defense priorities.
WHAT'S NEXT: Watch for Aalyria's contract wins with U.S. defense agencies and whether the company's technology becomes embedded in government satellite networks.
WHY THIS MATTERS FOR CFOS: Defense-adjacent tech is becoming a distinct asset class. If your company has exposure to space infrastructure, satellite communications, or government contracting, this valuation signals where capital is flowing—and where procurement budgets are heading.
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