On May 8, 2024, Xona Space Systems, Inc. closed the transaction. The company has received $19,000,000 in an oversubscribed Series A round of funding co-led by new investors, Future Ventures, and returning investor Seraphim Capital on May 8, 2024. The transaction included participation from new investors, NGP Capital, Lafayette Square LLC, Murata Manufacturing Co., Ltd., Space Capital, and Aloniq.

The company raised $30,695,681 pursuant to exemption under Regulation D from 25 investors.