OneWeb secures funding to launch more than 500 internet satellites

  • January 15, 2021
After a year in which it had to declare Chapter 11 bankruptcy, 2021 is off to a much better start for satellite internet startup OneWeb. Two weeks into the new year, the company has secured a $400 million investment from SoftBank and Hughes Network S…

The UK buys a 45 percent stake in broke satellite startup OneWeb

  • July 3, 2020
After losing access to the EU’s satellite-navigation system Galileo due to Brexit, the UK is hoping to replace it with OneWeb satellites. A government-led consortium has won an auction for the satellite internet company, which filed for Chapter 11 ba…