Tag: OneWeb
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SpaceX Competitor OneWeb Approved for 1,280 Broadband Satellites
The FCC has granted OneWeb permission to launch an additional 1,280 satellites in addition to the 720 satellites that have already been approved for the company’s broadband service. OneWeb filed for bankruptcy earlier this year, citing the “financial impact and market turbulence related to the spread of COVID-19” as the reason behind a lack of…
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SpaceX & Amazon Internet Competitor OneWeb Files for Bankruptcy, Cites COVID-19 Pandemic
Last week, satellite internet company OneWeb filed for bankruptcy, citing the ongoing COVID-19 pandemic as it struggled to secure additional funding. In a statement announcing the decision to file for Chapter 11 bankruptcy, the company said it “intends to use these proceedings to pursue a sale of its business in order to maximize the value…
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Amazon & SpaceX Competitor OneWeb is Reportedly Contemplating Bankruptcy
Recently Amazon and SpaceX have had all the news coverage as they work to build a high-speed internet using low earth orbit satellites, yet they aren’t the only ones. OneWeb is also working on launching a network of satellites to offer high-speed internet from space. Now Bloomberg is reporting that OneWeb is looking at a…