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
|
|
Report outlines cost growth in canceled NASA exploration programs
Posted: Sat, Jun 27 11:14 AM ET (1514 GMT) Perseverance Mars rover finds more potential biosignatures
Posted: Sat, Jun 27 11:12 AM ET (1512 GMT) |
|
news links
|
|
Tuesday, June 30
Starlink’s Architects Launch Eclipse to Open the Megaconstellation Era to New Players
Business Wire — 6:31 am ET (1031 GMT) Rocket Lab buys Iridium in $8 billion deal to take on SpaceX
Reuters — 6:25 am ET (1025 GMT) Rocket Lab CEO vows commitment to aero as firm buys Iridium
Runway Girl Network — 6:21 am ET (1021 GMT) Rocket Lab expands space biz with $8 billion deal
Axios — 6:21 am ET (1021 GMT) Rocket Lab to acquire satellite firm Iridium
Radio New Zealand — 6:21 am ET (1021 GMT) |
