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.
Megaconstellation startup OneWeb and its largest investor Softbank asked the New York Supreme Court to dismiss a lawsuit from Intelsat, arguing that Intelsat failed to finalize rights it claimed it had to resell OneWeb satellite capacity.
Intelsat filed a lawsuit in the New York Supreme Court alleging OneWeb Ltd. and its largest investor SoftBank Group Corp. breached contracts, committed fraud and conspired to steal confidential and proprietary information.
SoftBank to help OneWeb with product dev • Phasor makes antenna progress • Kleos Space waits out Rocket Lab delay
OneWeb investor SoftBank says it will help the satellite operator with product development and forming commercial partnerships
Less than a month after the launch of its first six satellites, OneWeb closed a new $1.25 billion financing round to further its internet constellation.
Startup with SoftBank, Airbus investment planning video constellation with several hundred satellites
A satellite startup that today announced SoftBank, Airbus, Bill Gates and OneWeb founder Greg Wyler as investors says it has plans to field a constellation of hundreds of satellites to provide global video of the Earth, but provided few details on how it will accomplish that goal.
Broadband megaconstellations are expensive propositions, with SpaceX’s Starlink constellation expected to cost $10 billion or more, and OneWeb expecting to spend $3 billion. The actual cost could ultimately be higher.
OneWeb’s largest investor SoftBank expects to bring in several partners to help sell OneWeb capacity, including potentially other geostationary satellite operators.
SoftBank is actively considering future investments in the satellite industry, including investments related to low-Earth orbit broadband startup OneWeb, the head of SoftBank’s merger and acquisition and corporate finance division said today.
WASHINGTON and MOSCOW — Five years ago this month, Intelsat ordered the first of what is now six high-throughput Epic-class satellites. That soon-to-be global network is now mostly in orbit, with the fifth satelli…
OneWeb says that the now near-certain collapse of its planned merger with Intelsat has by no means slowed any of the company’s progress, and that other geostationary satellite operators have already expressed interest in taking Intelsat’s place.
The debt swap was a condition of a planned investment by Japan's SoftBank as part of a merger with OneWeb announced earlier this year.