OneWeb
OneWeb seeking to curb employee losses through extra paychecks
OneWeb is asking its bankruptcy court for permission to issue up to $8.8 million in worker retention and incentive payments to discourage its remaining employees from quitting before the company can sell its spectrum.
Op-ed | An unexpected effect: the industry’s recent challenges prove the importance of space
Rationalization of the startup landscape and the right sizing of company balance sheets is inevitable, paving the way for “Space 3.0,” which will see the profitable and sustainable exploitation of entirely new market opportunities, backed by a growing base of enlightened stakeholders.
Space Force vice commander: China can’t be allowed to buy bankrupt U.S. space companies
Lt. Gen. Thompson: DoD plans to work with Congress to help space companies that face bankruptcy.
EchoStar says Jupiter-3 launch timing clouded by coronavirus
The coronavirus pandemic and the transition launch providers are making to new rockets is complicating EchoStar’s reservation of a launch slot for its Jupiter-3 broadband satellite, according to company executives.
Iridium says coronavirus clouding revenue projection
The coronavirus pandemic is making it harder for Iridium to line up customers for its recently upgraded satellite constellation, but isn’t expected to reverse the company’s six-year annual growth streak, according to CEO Matt Desch.
JSAT delays earnings • Orbcomm confident during pandemic
Japanese satellite operator Sky Perfect JSAT is delaying its annual financial report by seven weeks, citing the coronavirus.
OneWeb falls back to Earth
Analysts agree the coronavirus crisis roiling markets is making it difficult for companies to raise money, but OneWeb’s troubles began well before the outbreak became a global pandemic.
After bankruptcy, OneWeb’s supply chain looking for new ways to keep busy
With OneWeb’s drive to cover the globe with hundreds of mass-produced satellites halted by last month’s Chapter 11 filing, some of the bankrupt megaconstellation’s component suppliers are looking to repurpose the investments they made in expanded manufacturing capabilities.
SoftBank spearheads OneWeb loan offer to complete spectrum sale
OneWeb is asking a bankruptcy court for permission to borrow between $75 million and $300 million the company says it needs to stay afloat while it attempts to sell its spectrum assets.
Teledyne braces for OneWeb business loss • Swarm completes regulatory work for US service
Teledyne, one of the first component suppliers to announce an agreement with OneWeb, is considering a $40 million pre-tax charge to its financial performance
Webinar Replay | OneWeb’s Bankruptcy: Impacts and Implications for the Satellite Industry
SpaceNews Editor-in-Chief Brian Berger and SpaceNews Staff Writer Caleb Henry were joined by a panel of space industry analysts to explore these questions and more during a live webinar recorded April 7.
OneWeb files for Chapter 11 bankruptcy
Satellite internet startup OneWeb filed for Chapter 11 bankruptcy Friday after its largest investor, Softbank, rejected a request for additional funding.
Soyuz launches 34 OneWeb satellites
Arianespace launched 34 small broadband satellites for OneWeb March 21, expanding the startup’s constellation to 74 satellites in low Earth orbit.
Space should fare better against coronavirus than other industries, report says
“While by no means immune from the broader economic downdraft, we nonetheless expect the Satellite & Space industry to fare somewhat better from a demand perspective than the economy-at-large,” the report said.
OneWeb, SpaceX optimistic about cheap user terminals
Executives from SpaceX and OneWeb say their companies are working intensely on user terminals so customers will be able to get internet connectivity from their respective low Earth orbit constellations.
Sea Launch platform to leave California • Hispasat boosts Red Eléctrica’s financials
Sea Launch’s mobile Odyssey launchpad was loaded onto a cargo ship, the Xin Guang Hua, for transport from California.
