One Web Announces $500 Million Funding Round, Launch Contracts for Soyuz, LauncherOne

OneWeb constellation. (Credit: Airbus Defence & Space)
OneWeb constellation. (Credit: Airbus Defence & Space)

Highlights

  • OneWeb announces $500 million funding round for 900 satellite constellation
  • Backers include Airbus Group, Coca-Cola, Intelsat, Qualcomm, Hughes Network Systems and Virgin Galactic
  • Largest commercial rocket order ever includes 21 Soyuz launchers and 39 launches of Virgin Galactic’s LauncherOne

LONDON (OneWeb PR) — OneWeb, which is building a new global communications system to create affordable broadband services for all, today announces it has raised $500 million of funding from a group of leading international companies.

OneWeb has attracted investment from Airbus Group, Bharti Enterprises, Hughes Network Systems, (Hughes), a subsidiary of EchoStar Corp., Intelsat, Qualcomm Incorporated, The Coca-Cola Company, the Virgin Group, and Totalplay, a Grupo Salinas Company, owned by Ricardo B. Salinas.

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