OneWeb announces $500 million in funding, launch contracts
Posted: Sat, Jun 27, 2015, 11:05 AM ET (1505 GMT)
OneWeb, the startup planning a constellation of low Earth orbit satellites for broadband communications, announced this week it has raised $500 million from a group of companies, and signed contracts for at least 60 launches. OneWeb said the $500 million, which will be used to further development of its 648-satellite constellation. The companies investing in OneWeb include Airbus, Virgin, Intelsat, Qualcomm, and Hughes Network Systems. OneWeb also announced a contract for 21 Soyuz launches with Arianespace, and 39 launches of Virgin Galactic's LauncherOne, to deploy and replenish the satellite constellation. OneWeb plans to have its satellites in orbit by 2019.
OneWeb, the startup planning a constellation of low Earth orbit satellites for broadband communications, announced this week it has raised $500 million from a group of companies, and signed contracts for at least 60 launches. OneWeb said the $500 million, which will be used to further development of its 648-satellite constellation. The companies investing in OneWeb include Airbus, Virgin, Intelsat, Qualcomm, and Hughes Network Systems. OneWeb also announced a contract for 21 Soyuz launches with Arianespace, and 39 launches of Virgin Galactic's LauncherOne, to deploy and replenish the satellite constellation. OneWeb plans to have its satellites in orbit by 2019.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Wednesday, January 15
Latest Moon Mission Is Old, New, Borrowed, and Blue
Eos — 5:04 am ET (1004 GMT) SSC Supports Firefly Aerospace's Blue Ghost Mission to the Moon
SSC — 5:04 am ET (1004 GMT) Public input sought for Elon Musk’s SpaceX plans to splash down in Hawaii waters
HawaiiNewsNow — 5:00 am ET (1000 GMT) Texas and Hawaii residents are outraged over SpaceX's new Starship ambitions
Houston Chronicle — 4:59 am ET (0959 GMT) Qantas flight delays due to re-entry of SpaceX rockets
NEWS.com.au — 4:59 am ET (0959 GMT) |
