Some good news for satellite Internet company OneWeb:
Japan’s SoftBank Group Corp. has agreed to invest roughly $500 million more in satellite broadband provider OneWeb Ltd., according to a person familiar with the details, boosting the U.S. startup’s plan to offer significantly faster internet connections world-wide than most traditional systems, either space-based or terrestrial.
The latest commitment would boost SoftBank’s total investment in the project to about $1.5 billion, even as Greg Wyler, OneWeb’s founder and executive chairman, disclosed over the weekend that his company already is designing and seeking suppliers for a more powerful new generation of satellites. He said those eventually are slated to deliver ultra-high-speed connectivity, including across rural or developing regions, approximately as fast as typical fiber optic networks.
The precise size and structure of SoftBank’s additional investment could change, said the person familiar with the details and others close to the talks. But Mr. Wyler and SoftBank founder Masayoshi Son, they said, agreed in principle on the cash infusion during recent discussions, with the caveat that SoftBank’s stake in OneWeb would remain less than 50%.
Work on OneWeb’s previously announced initial fleet of more than 700 small, low-altitude satellites is “generally on schedule” for launches beginning next year, starting to market service over Alaska in 2019 and expanding virtually around the globe by the end of 2020, according to Mr. Wyler. During a weekend interview, he also said deployment of roughly 900 second-generation, higher-orbiting satellites by the mid-2020s—intended to create the first such large-scale, hybrid constellation on orbit—is projected to increase speeds roughly fivefold to 2.5 gigabits per second.
GERMANTOWN, Md., November 7, 2017 (Hughes PR) —Hughes Network Systems, LLC (Hughes), the global leader in broadband satellite solutions and services, today announced that it has signed a contract for $190M with OneWeb for the production of a ground network system, supporting OneWeb’s constellation of Low Earth Orbit (LEO) satellites in its mission to bring affordable broadband service to millions of households, schools and other end users around the world.
This contract builds on the original system development agreement between the companies signed in June 2015, bringing the total value of both to over $300M. It includes production of the gateway sites each with multiple tracking satellite access points to support operation and handoff of high-speed user traffic between satellites.
RIYADH, Saudi Arabia (OneWeb PR) – In a ceremony witnessed by H.E the Minister Eng. Abdulla Al-Sawaha and Sir Richard Branson, the Ministry of Communications and Information Technology (MCIT) and OneWeb have signed a memorandum of understanding to cooperate on the development of solutions in 2020 which should help to connect 237,000 homes throughout the country bringing much needed affordable, high-speed, low latency broadband access to those living in rural and remote areas.
This MOU comes within the efforts of MCIT to extend all the Kingdom’s areas of high-speed internet and to enhance the infrastructure of communications and data networks, in line with the National Transformation Plan aiming to reach high-speed Internet for the vast majority of rural and remote areas by 2020.
Testimony of Greg Wyler Founder and Executive Chairman, Worldu Satellites Limited (OneWeb)
Before Senate Committee on Commerce, Science, and Technology Oct. 25, 2017
This is a great time to discuss our progress as we are investing over $4 billion to build the world’s first large scale satellite constellation, and will begin launching our fleet in the coming months.
253 Russell Senate Office Building October 25, 2017 10 a.m.
U.S. Sen. John Thune (R-S.D.), chairman of the Senate Committee on Commerce, Science, and Transportation, will convene a hearing titled, “The Commercial Satellite Industry: What’s Up and What’s on the Horizon,” at 10:00 a.m. on Wednesday, October 25, 2017. The hearing will examine commercial satellite services and next-generation satellite services affecting consumers.
– Ms. Patricia Cooper, Vice President of Satellite Government Affairs, SpaceX – Mr. Mark Dankberg, Chief Executive Officer, ViaSat – Mr. Stephen Spengler, Chief Executive Officer, Intelsat – Mr. Greg Wyler, Founder and Executive Chairman, OneWeb
Wednesday, October 25, 2017 10:00 a.m. Full committee
This hearing will take place in Russell Senate Office Building, Room 253. Witness testimony, opening statements, and a live video of the hearing will be available on www.commerce.senate.gov.
Paris, Washington D.C., Montreal, Yokohama, October 11, 2017 – According to the 20th edition of the report Satellites to be Built & Launched, Euroconsult anticipates that 300 satellites with a mass over 50 kg will be launched on average each year by 2026 for government agencies and commercial organizations worldwide. This is a threefold increase over the past decade as the satellite market experiences a paradigm shift with the rise of small satellites and mega constellations, such as that of OneWeb.
WASHINGTON, D.C. (CSF PR) – The Commercial Spaceflight Federation (CSF) has elected new Officers for the 2017-2018 year, and approved two new Associate member companies at its bi-annual Executive Board of Directors, held last month in Tucson, Arizona.
Dr. Alan Stern of Southwest Research Institute was elected for a second term as the Chairman of the Board of Directors. Stern is the Associate Vice President of the Southwest Research Institute’s (SwRI) Space Science and Engineering Division in Boulder, Colorado and the Chief Science Officer of World View, based in Tucson, Arizona.
Bryce Space and Technology has produced a new report, Start-up Space: Update on Investment in Commercial Space Ventures.
Below is the executive summary. You can also download the full report.
The Start-Up Space series examines space investment in the 21st century and analyzes investment trends, focusing on investors in new companies that have acquired private financing. Space is continuing to attract increased attention in Silicon Valley and in investment communities world-wide. Space ventures now appeal to investors because new, lower-cost systems are envisioned to follow the path terrestrial tech has profitably traveled: dropping system costs and massively increasing user bases for new products, especially new data products. Large valuations and exits are demonstrating the potential for high returns. (more…)
TITUSVILLE, Fla. (RUAG Space PR) — RUAG Space, a leading product supplier to the space industry, held a celebratory reception last night, marking the commencement of full production capabilities in its Titusville, Florida facility. Production is set to begin, with the first delivery batches foreseen in approximately 1.5 months. Embracing state-of-the-art machinery and automated processes, this new facility aligns with the industry’s ambition toward cheaper access to space.
TOULOUSE, France (Airbus PR) – Today, OneWeb Satellites inaugurates its assembly line in Toulouse, the beating heart of Airbus’ manufacturing expertise, to begin end-to-end validation, testing, and integration of its first satellites set for launch in just over nine months.
WASHINGTON, June 22, 2017 (FCC PR) – The Federal Communications Commission today approved a request by WorldVu Satellites Limited, which does business as OneWeb, to access the United States satellite market. Today’s action paves the way for OneWeb to provide broadband services using satellite technology that holds unique promise to expand Internet access in remote and rural areas across the country.
Intelsat has announced that its planned merger with startup satellite Internet provider OneWeb has collapsed.
The complex deal put together by Japan’s SoftBank Group Corp would have required holders of Intelsat’s $14 billion debt to accept discounts on what they are owed. The proposed debt swap found no takers prior to the May 31 deadline for accepting it. Intelsat and OneWeb had extended the deadline several times.
SHIPLEY, UK (Teledyne Defence & Space PR) — Teledyne Defence & Space, a business unit of Teledyne Microwave Solutions, announced today that it has been selected to manufacture over 5,000 Filters and Diplexers to support a space payload application for a large satellite program.
OneWeb says it is on track with its broadband satellite constellation.
OneWeb told the U.S. Federal Communications Commission (FCC) that its 800-plus-satellite constellation is on schedule and ready to fulfill the FCC’s goal of broadband coverage of all U.S. territory to reduce the digital divide.
For satellite broadband providers, Alaska appears to be the flavor of the month. In view to a competition for in-flight broadband service provision, in-flight-connectivity provider Gogo Inc. recently leased an aging SES-owned satellite and had it moved into a position for Alaskan and Hawaii coverage….
OneWeb, which for regulatory purposes is also known as WorldVu Satellites, said its final assembly line for the first 10 of its 880 satellites would be in operation at the Airbus Defence and Space plant in Toulouse, France, in June.
Airbus is a 50% shareholder of OneWeb Satellites, whose principal operations will be conducted in Exploration Park, Florida, where two production lines are being built.
The first 10 satellites will be used to validate OneWeb system performance. Full production-rate launches, aboard Europeanized Russian Soyuz rockets, is expected to start by the end of 2018, with each Soyuz carrying up to 36 OneWeb satellites, each expected to weigh about 150 kilograms.
Tassreports that Roscosmos plans to conduct two satellite launches in December from Russia’s new Vostochny Cosmodrome as the space agency continues a slow shift away from dependence on the Baikonur Cosmodrome in Kazahkstan.
The two Soyuz-2 launches will come about 20 months after the inaugural launch from the new spaceport in April 2016.
Roscomos head Igor Komarov outlined plans to gradually ramp up the number of launches from the facility, which has only one launch pad.
The state corporation expects that up to ten launches, including commercial ones, will be held annually at Vostochny, which is still under construction.
First commercial launches from Russia’s new Vostochny space center in the Far Eastern Amur Region are to begin in 2018, the head of Russia’s Roscosmos space corporation said. The space center’s commercial launch plan includes those for the OneWeb project aimed at creating a constellation of microsatellites to blanket the entire earth surface for broadband internet access all over the world.
“Two or three commercial launches are scheduled for 2018, six or seven – for 2019,” the Roscosmos chief said….
Vostochny’s construction began in 2012. The infrastructure for the first unmanned Angara carrier rocket launch is due to be ready by 2021, and for the first manned Angara mission by 2023.