CFIUS
Why Cloud Constellation turned down $100 million
In December, Cloud Constellation was finalizing receipt of a $100 million investment that would help the startup deploy a ring of secure data-storage satellites in low Earth orbit. By spring, Cloud Constellation had walked away from the deal, citing a review by the Committee on Foreign Investment in the United States, or CFIUS, as one of the reasons.
The torture of CFIUS: A 2018 law is changing the way space industry startups raise money
The U.S. Treasury Department hasn’t issued final regulations implementing the 2018 Foreign Investment Risk Review Modernization Act, but space industry entrepreneurs already feel the law’s effect.
