OneWeb Raises Additional Funding
On January 15, OneWeb Communications Ltd. (OneWeb) announced that it secured additional funding through equity investments in parent entity OneWeb Holdings Limited by SoftBank Group and Hughes Network Systems, LLC (through its parent company EchoStar Corporation), bringing its post-restructuring aggregate funding to $1.4b. Earlier in the month, OneWeb sought U.S. Federal Communications Commission (FCC) permission to adjust the size of its proposed next-generation satellite constellation from 47,884 to 6,372 satellites under an application that it filed with the FCC in May 2020.
Read more related news in Space Business Review January 2021.
