OneWeb picks up $1.4B more from SoftBank and Hughes to help fund its first satellite fleet

Jan 15, 2021 - TechCrunch

After a troubled year that saw broadband satellite operator OneWeb file for bankruptcy, get rescue finance from the UK government and Bharti, and then emerge out of that with a launch of part of its fleet last month, the London-based company today announced a another $1.4 billion in funding — money that it says will be enough to (finally) get the rest of its first-generation fleet of 648 satellites off the ground.

The 36 new satellites OneWeb launched in December b...