The vision of the US company OneWeb is with hundreds Satellites in low earth orbit (LEO) to create a global network that can connect to the Internet even in the most remote areas of the world. The plan is now at risk from the Corona crisis. Investors with whom OneWeb were about to sign a contract, due to the crisis withdrawn now. OneWeb has therefore filed for bankruptcy.
Buyers wanted
More specifically, has OneWeb applied for a “Chapter 11 bankruptcy protection”. That means the company is now looking for a buyer. If it finds one, it can easily continue operating. In response to the financial bottleneck, parts of the workforce were also fired.
“OneWeb is building a truly global communications network to deliver high-speed, low-latency broadband internet everywhere. Our current situation is a consequence of the economic impact of the COVID 19 crisis, “writes OneWeb CEO Adrian Steckel in a press release.
Competitor SpaceX
Since the beginning of 2019 OneWeb Satellites in the orbit placed. 74 pieces have already been launched. The Verge reports that there should have been over 600 by the end of 2020. The biggest competitor is SpaceX, which is pursuing the same plan with its Starlink project – Internet access for all areas in the world.
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