SpaceX Competitor OneWeb Goes Bankrupt
March 28th, 2020Via: BBC:
OneWeb, the high-profile London-based satellite start-up, has filed for bankruptcy protection in the US.
The firm, which has been building a network to deliver broadband across the globe, blamed the Covid-19 crisis for its inability to secure new investment.
OneWeb issued a statement saying it was laying off most of its staff while it seeks a buyer for the company.
The start-up recently launched the 74th satellite in a constellation planned to total at least 648 spacecraft.
