Aug 5, 2026 – 8.00pmMyriota, one of the fastest growing companies in Australia’s nascent space industry, is planning a $75 million capital raising to finance the expansion of its network of mini-satellites that are used to monitor everything from equipment, soil moisture to water levels in remote locations where there is limited communications infrastructure.The Adelaide-based company, led by chief executive Ben Cade, has almost doubled its workforce to 75 in the past two years and is considering a potential sharemarket listing in the medium term. Its latest capital raising valued the business at $500 million.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles