Hyperdrive
Peter Thiel Bankrolls Satellite Imaging Startup HySpecIQ
- Billionaire invested more than $20 million in the company
- HySpecIQ has U.S. Defense contract for space cameras
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Peter Thiel is financing a startup set to launch cameras on satellites for the U.S. government, extending the billionaire’s portfolio of national security investments.
Thiel invested more than $20 million in HySpecIQ LLC, the startup said. The cash will enable the Herndon, Virginia-based company to build and launch two satellites with cameras featuring advanced sensors to peer through solid objects in early 2023.