All verified mentions of this organization in source documents.
OneWeb filed for Chapter 11 bankruptcy protection shortly after 34 satellites launched on 2020-03-21.
OneWeb’s new backers have pledged $1,000,000,000 to revive the company in addition to Hughes’ $50,000,000 stake.
Hughes Network Systems invested $50,000,000 in OneWeb.
Hughes Network Systems believes it has a chance at winning some of the $20,400,000,000 in RDOF subsidies because of its investment in OneWeb.
Project Kuiper joins SpaceX, Telesat, OneWeb, and potentially Viasat in competing to provide high-speed broadband from low Earth orbit using large numbers of satellites.
Hughes Network Systems will invest $50,000,000 in the consortium purchasing OneWeb out of bankruptcy protection as of 2020-07-27.
OneWeb raised $3,400,000,000 and launched 74 out of a planned 648 small broadband satellites before filing for chapter 11 bankruptcy protection in March.
Hughes Network Systems will offer OneWeb connectivity to customers with networks for government and business sites, cellular backhaul needs, and community Wi-Fi hotspots.
Hughes Network Systems had $5,400,000 in unsecured claims at the time of OneWeb’s bankruptcy filing.
Hughes Network Systems has won more than $300,000,000 in OneWeb business for gateway antennas and other ground infrastructure that remains unfinished.
The British government and Bharti placed the winning bid to acquire OneWeb in July and each agreed to invest $500,000,000 to revive the megaconstellation startup.
Hughes Network Systems invested $50,000,000 in OneWeb in 2015 alongside Airbus Group, Bharti Enterprises, Coca-Cola, Intelsat, Qualcomm, Totalplay, and the Virgin Group as part of OneWeb’s $500,000,000 Series A round.
Bharti Global is investing $500,000,000 into OneWeb.
The U.K. parliamentary committee that oversees the Department for Business, Energy and Industrial Strategy expressed concern about clarity on whether, when, and how much of OneWeb’s constellation would be produced in the U.K.
The U.K. government invested $500,000,000 in OneWeb.
Alok Sharma consulted with the U.K. Treasury, the UK space agency, members of his department, and cabinet officials before committing the U.K. government to invest in OneWeb and concluded the government would have a positive return.
OneWeb’s bankruptcy court approved the acquisition of OneWeb by the U.K. government and Bharti Global on 2020-07-10.
Before filing for bankruptcy, OneWeb had launched 74 of a planned 648 satellites.
OneWeb builds its satellites at a purpose-built $85,000,000 factory in Florida through the joint venture OneWeb Satellites with Airbus.
The Department for Business, Energy and Industrial Strategy and Bharti Global announced on 2020-07-03 that they were acquiring OneWeb.