PARIS — Satellite constellations of every stripe — broadband, narrowband, Earth observation — are delayed, launch schedules are still iffy, and some venture investors may be getting impatient. Sooner or later these trends will affect a commercial satellite services player like RBC Signals.
But the news of late has been good for incoming contracts and the company postponed a Series A fundraise because it had no immediate need of the cash and preferred to wait. If the deals materialize, the next round can be done at a higher valuation.
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