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OneWeb raised $3,400,000,000 in funding during the megaconstellation financing wave.
LeoSat formed in 2013 at the start of a wave of low-Earth-orbit constellation activity that included OneWeb, SpaceX, Telesat, and Amazon/Project Kuiper.
OneWeb and SoftBank assert that the dissolution of the SoftBank–OneWeb arrangement closed Intelsat’s window to obtain OneWeb services discussed in 2016.
Intelsat had until 2017-01-25 to finalize negotiations under the 2016 agreement, and two extensions occurred without a finalized purchase agreement, according to OneWeb and SoftBank.
Intelsat invested $25,000,000 in OneWeb in 2015 to help OneWeb pursue a constellation of 650 internet-beaming smallsats in low Earth orbit.
SoftBank incorporated terminating its OneWeb capacity arrangement into its plan to invest more money into OneWeb in late 2018.
OneWeb and SoftBank contend Intelsat’s exclusivity claims stem from an October 2016 agreement under which SoftBank, as part of its $1,000,000,000 investment in OneWeb, acquired the right to purchase all capacity and services that OneWeb would develop in the future.
OneWeb and SoftBank stated that Intelsat received a cease-and-desist letter earlier in 2019 for promoting exclusive distribution rights to OneWeb satellite capacity in four markets where it had none.
Finalists for Deal of the Year included SpaceX raising $1,000,000,000+, NASA’s Commercial Lunar Payload Services awards, OneWeb raising $1,000,000,000+, HawkEye 360’s $70,000,000 Series B, Virgin Galactic’s IPO, Relativity’s $140,000,000 round, the Raytheon-United Technologies merger, and the L3-Harris Corp. merger.
SpaceX is competing with Amazon, OneWeb, and Telesat, which are also seeking to deploy hundreds or thousands of satellites for global internet access.
In addition to 20 Soyuz launches, OneWeb agreed to launch 30 satellites on Arianespace's maiden flight of the Ariane 6 in the second half of 2020.
OneWeb procured 39 LauncherOne missions from Virgin Orbit in 2015 but canceled all but four of those missions in 2018, prompting a lawsuit from Virgin Orbit.
OneWeb plans to begin service in the Arctic in late 2020 and achieve global coverage in 2021.
OneWeb plans to deploy a global broadband constellation with as many as 1,980 satellites.
Both Astroscale and ClearSpace won contracts to participate in the Sunrise Project, a public-private partnership led by OneWeb and the European Space Agency to explore advanced technologies including active debris removal.
OneWeb raised $1,250,000,000 2019 for a constellation of at least 650 satellites.
Eutelsat contrasts the capital magnitude needed for its planned ELO nanosatellite constellation with the larger investments planned by Telesat, OneWeb, and SpaceX for broadband LEO constellations.
Discussions among OneWeb, SoftBank, and Intelsat continued beyond 2018-03-31 despite an amended agreement stating that SoftBank agreed to sell OneWeb Services to Intelsat pursuant to a master service agreement to be negotiated on or prior to 2018-03-31.
Intelsat’s direct dialogue with SoftBank stopped suddenly in April 2018 while SoftBank was actively seeking to sell its investment in OneWeb.
In 2016, SoftBank invested nearly $1,000,000,000 in OneWeb and acquired a 40 percent stake in the company.