OneWeb wins $1.25B in funding for satellite net

OneWeb satellite
An artist’s conception shows a OneWeb satellite in orbit. (OneWeb Illustration)

The international OneWeb consortium says it’s raised another $1.25 billion in funding for its internet satellite constellation, ensuring a ramp-up in its production and launch campaign with the aim of offering high-speed global access by 2021.

OneWeb says its new capital infusion is coming from Japan-based SoftBank Group, Mexico-based Grupo Salinas, Qualcomm Technologies and the Rwandan government — and will bring total investment to $3.4 billion.

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By Alan Boyle

Mastermind of Cosmic Log, contributor to GeekWire and Universe Today, author of "The Case for Pluto: How a Little Planet Made a Big Difference," past president of the Council for the Advancement of Science Writing.

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