Red Hat
Monday, January 18, 2021

OneWeb reduces promised size for its constellation from 48,000 to 7,000 satellites

There are currently 110 devices in orbit. The company is committed to the first generation system - a fleet of 648 devices - and plans to begin offering commercial services within a year. In a document sent to the FCC last week, the firm adjusted the initial figures for the project.

Meanwhile, OneWeb secured an additional investment of US $ 400 million from Hughes Network Systems and SoftBank Group. Since March 2020, when the company entered US Chapter 11, it has raised $ 1.4 billion. Of the new total collected, the Financial Times (FT) specified that SoftBank contributed US $ 350 million and the rest came from Hughes Network Systems.

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