OneWeb, formerly known as WorldVu Satellites,[2][3] is a global communications company founded by Greg Wyler. The company is headquartered in London, United Kingdom[1][4] and was founded in Arlington, Virginia, USA[5] and commenced launches of the OneWeb satellite constellation, a network of more than 650 low Earth orbit satellites, on February 27, 2019.[6]

OneWeb
Private
IndustrySatellite Internet access
FateActive
PredecessorWorldVu Satellites
Founded2012
Headquarters,
Websiteoneweb.world

Its intended goal is to provide internet services to "everyone, everywhere" delivering much needed connectivity to rural and remote places as well as to a range of markets including aero, maritime, land mobility, cellular backhaul.

HistoryEdit

The company was founded in 2012 under the name WorldVu,[2] based in Britain's Channel Islands.[7] OneWeb secured $500 million in funding including launch deals with Virgin Galactic and Arianespace in 2015.[8][9]

In June 2015, OneWeb entered a deal with Airbus Defence and Space for the construction of its broadband Internet satellites after a competition among U.S. and European manufacturers.[10]

In December 2016, OneWeb raised $1 billion from SoftBank Group Corp. and $200 million from existing investors.[11][12] In July 2016, one year after the initial announcement, OneWeb stated they were on schedule.[13]

In February 2017, OneWeb announced that it expected to sell all of its capacity by launch time, yet the only announced capacity sold was for a joint Gogo and Intelsat venture. Wyler announced he was considering nearly quadrupling the size of the satellite constellation by adding 1,972 additional satellites that it has priority rights to.[11] With the original capital raise of $500 million in 2015, plus the $1 billion investment of SoftBank in 2016, previous "investors committed to an additional $200 million, bringing OneWeb’s total capital raised to $1.7 billion."[11]

A merger arrangement with Intelsat that had been in negotiations during May 2017 collapsed in June and did not go forward.[14]

On February 27, 2019, OneWeb successfully launched its first six satellites into low Earth orbit from the Guiana Space Centre in French Guiana using a Soyuz-2 rocket.[15] The same day OneWeb announced that it signed its first two client agreements marking the beginning of its commercialization.[16] On March 18, 2019, OneWeb announced it had secured $1.25 billion in funding following a successful first launch.[17]

ReferencesEdit

  1. ^ a b OneWeb (8 March 2018). "OneWeb Finalizes Executive Team Appointments Leading Up to the Launch of Global Constellation and Services". PR Newswire. Retrieved 22 April 2019.
  2. ^ a b "OneWeb Announces Plans to Launch a New Satellite Constellation to Bring High-Speed Internet to Underserved Areas Around the World". PR Newswire. 15 January 2015. Retrieved 15 February 2018.
  3. ^ "Virgin, Qualcomm Invest in OneWeb Satellite Internet Venture". Spacenews.com. 15 January 2015. Retrieved 15 February 2018.
  4. ^ "£18m for OneWeb satellite constellation to deliver global communications". UK Space Agency. 2019-02-18.
  5. ^ "SoftBank to invest $1 billion in U.S. venture OneWeb as part of $50 billion pledge". Reuters.
  6. ^ Hanneke, Weitering (2019-02-27). "Soyuz Rocket Will Launch the 1st OneWeb Satellites Today: Watch It Live!". Space.com. Retrieved 2019-02-27.
  7. ^ "WorldVu, a Satellite Startup Aiming To Provide Global Internet Connectivity, Continues To Grow Absent Clear Google Relationship". Spacenews.com. 3 September 2014. Retrieved 15 February 2018.
  8. ^ "Google-backed Global Broadband Venture Secures Spectrum for Satellite Network". SpaceNews. 2014-05-30. Retrieved 2016-02-08.
  9. ^ "OneWeb Wins $500 Million in Backing for Internet Satellite Network". NBC News. 2015-06-25. Retrieved 2016-02-08.
  10. ^ Clark, Stephen. "OneWeb selects Airbus to build 900 Internet satellites | Spaceflight Now". Retrieved 2016-02-08.
  11. ^ a b c "OneWeb weighing 2,000 more satellites - SpaceNews.com". 24 February 2017. Retrieved 23 April 2018.
  12. ^ FORTUNE. "Japan's SoftBank Invests $1 Billion in Satellite Startup OneWeb". Fortune. Retrieved 2016-12-23.
  13. ^ http://spacenews.com/one-year-after-kickoff-oneweb-says-its-700-satellite-constellation-is-on-schedule/
  14. ^ "OneWeb says no steam lost despite Intelsat merger unravelling - SpaceNews.com". 1 June 2017. Retrieved 23 April 2018.
  15. ^ "OneWeb makes history as first launch mission is a success". OneWeb. 2019-02-28. Retrieved 2019-02-28.
  16. ^ "OneWeb Announces First Two Client Agreements - Start of Commercial Network Commercialisation". OneWeb. 2019-02-27. Retrieved 2019-02-27.
  17. ^ "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2019-03-18.

External linksEdit