Hubble Network Raised $200 Million for Satellite Expansion

The company will scale its low Earth orbit constellation to 60 satellites by 2030 to lower IoT connectivity costs.

Updated on Oct. 7, 2026 in Telecommunications

Isometric editorial illustration of a metallic satellite with geometric communication panels floating in orbit. — Hubble Network has secured $200 million in Series C funding to scale its low Earth orbit satellite constellation to 60 units by 2030. AI Illustration. Upload story photo >

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Hubble Network has secured $200 million in a Series C funding round, bringing its total capital raised to $300 million. This investment values the company at $1.6 billion as it prepares to expand its satellite infrastructure.

Why it matters

The capital will support the company's objective to scale its satellite constellation to 60 units by 2030, aiming to reduce the cost of global IoT device connectivity. This funding reflects the ongoing push to integrate satellite-direct links into existing terrestrial networks.

Hubble currently operates six satellites in low Earth orbit with over 500,000 active devices on its network. Adding satellite connectivity costs under 50 cents per device, with monthly service priced at $4.

The players

Hubble Network

A Seattle-based company that provides satellite-direct IoT connectivity via a network of low-earth orbit satellites and terrestrial gateways.

Smith Point Capital

A financial firm that acted as the lead investor for the company's $200 million Series C funding round.

The details

Hubble Network provides connectivity by using network nodes that intercept Bluetooth LE (Low Energy) signals from IoT devices and route the data through satellites to a cloud platform. Developers enable this capability by integrating the Hubble Device SDK (software development kit) and deploying firmware updates to their hardware. These nodes integrate with an existing terrestrial network comprising over 100 million gateways across 170 countries.

2021: Hubble Network was founded.
October 7, 2026: The company announced its Series C funding round.
2030: Hubble plans to reach a total of 60 satellites in orbit.

The Tech Race

Hubble Network is competing to scale its infrastructure within the rapidly evolving low Earth orbit satellite constellation market. The company is positioning itself to gain market share by leveraging a hybrid approach that integrates existing terrestrial gateways with a growing fleet of space-based assets.

IoT device manufacturers can now utilize Hubble's SDK and firmware updates to add satellite connectivity at a hardware cost of under 50 cents. The service is available at a monthly rate of $4 per device for users operating within the supported global network.

The takeaway

The $200 million injection validates Hubble's hybrid model of using existing terrestrial gateways alongside space-based assets. Watch for the company's progress toward its 60-satellite fleet target as a indicator of its ability to maintain low service costs for IoT deployments.