Verified facts grounded in source documentation.
OneWeb had previously secured $2,400,000,000 that it said it needed to fund its initial constellation.
Bharti Global exercised a call option to invest an additional $500,000,000 in OneWeb and is set to become the largest shareholder.
OneWeb secured $2,400,000,000 in funding needed to deploy a total of 648 satellites for its initial constellation.
Bharti Global invested an additional $500,000,000 in OneWeb and will own the largest share of the company.
Bharti’s investment means OneWeb has secured $2,400,000,000 needed to deploy 648 satellites by 2022 to provide connectivity to enterprise, government, maritime, and aviation customers.
OneWeb raised $350,000,000 from SoftBank and $50,000,000 from Hughes in January of 2021.
Eutelsat’s investment leaves OneWeb almost fully funded and the company is well advanced in securing its remaining funding needs in 2021.
OneWeb raised $350,000,000 from SoftBank on 2021-01-15 and $50,000,000 from Hughes Network Systems.
OneWeb aims to launch two additional batches of 36 satellites by June to expand coverage north of 50 degrees latitude including the United Kingdom, Alaska, Northern Europe, Greenland, Iceland, the Arctic Seas, and Canada.
OneWeb raised $400,000,000 on 2021-01-15, to continue building and deploying its broadband satellite constellation.
OneWeb raised $400,000,000 by selling equity on 2021-01-15, bringing its total funding to $1,400,000,000.
OneWeb is Arianespace’s most important customer and has a contract worth more than $1,000,000,000 with Arianespace to launch its satellite constellation.
OneWeb raised $400,000,000 from SoftBank and Hughes Network Systems on 2021-01-15.
OneWeb needs to raise $2,500,000,000 to complete the constellation.
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.
OneWeb had raised $3,400,000,000 before filing for Chapter 11 bankruptcy protection in March.
BidCo 100 plans to invest $1,000,000,000 in OneWeb.
BidCo 100’s plan approved by the court replaces SoftBank and Grupo Elektra as OneWeb’s interim financial backer and provides up to $50,700,000 in financing to allow work to resume at OneWeb Satellites.
OneWeb secured $1,000,000,000 in new funding consisting of $500,000,000 from the British government and $500,000,000 from Bharti Global to recapitalize its constellation effort.
OneWeb had previously raised $3,400,000,000 in equity and debt to fund its broadband constellation.