The UK government to acquire satellite company OneWeb in deal funded in part by India’s Bharti Global
OneWeb, which has actually introduced a total of 74 of its organized 650 satellite constellation to date, suffered lay-offs and the subsequent insolvency filing after an attempt to raise extra financing to support ongoing launches and operations fell through. OneWeb is a London-based business already, and its constellation can offer access to low latency, high-speed broadband via low Earth orbit small satellites, which could possibly be a great resource for connecting UK residents to budget friendly, quality connections. While the UK currently lacks its own native launch capabilities, the nation is working towards developing a number of spaceports for both horizontal and vertical take-off– which could make it possible for companies like Virgin Orbit, and other beginners like Skyrora, to establish small-sat launch capabilities from UK soil, which would make keeping and extending in-space properties like OneWeb’s constellation much more available as a domestic resource.