It is safe to say that nobody expects all the potential suppliers of low earth orbit satellite constellations will be funded, launch or succeed. OneWeb, facing funding issues, seems to be on the verge of bankruptcy, having failed to secure $2 billion in additional near-term funding.
LeoSat, another would-be contestant, shut down in late 2019, unable to raise additional funding.
Airbus, Virgin Group, Qualcomm, Bharti Enterprises and Grupo Salinas. But OneWeb faced deep-pocketed competitors including SpaceX’s Starlink and Amazon’s Project Kuiper.
Some might argue the demise of OneWeb makes it a casualty of the Covid-19-driven recession and capital-starved market that is sure to ensue.
No comments:
Post a Comment