Enlarge / Illustration of a OneWeb satellite.

OneWeb has actually arised from Chapter 11 personal bankruptcy under brand-new possession as well as claims it will certainly start releasing even more broadband satellites following month. Similar to SpaceX Starlink, OneWeb is developing a network of reduced-Earth-orbit (LEO) satellites that can give high-speed broadband with much reduced latencies than typical geostationary satellites.

After a launch in December, “launches will continue throughout 2021 and 2022, and OneWeb is now on track to begin commercial connectivity services to the UK and the Arctic region in late 2021 and will expand to delivering global services in 2022,” OneWeb stated in a news Friday.

In March this year, OneWeb applied for personal bankruptcy as well as supposedly given up the majority of its team. In July, OneWeb accepted market business to a consortium consisting of the UK federal government as well as Bharti Global Limited for $1 billion. In the Friday statement, OneWeb stated it has actually safeguarded “all relevant regulatory approvals” required to leave personal bankruptcy.

“Together with our UK Government partner, we recognised that OneWeb has valuable global spectrum with priority rights, and we benefit from $3.3 billion invested to date and from the satellites already in orbit, securing our usage rights,” Bharti creator as well as Chairman Sunil Bharti Mittal stated.

Launch arranged for December 17

OneWeb formerly introduced 74 satellites right into reduced-Earth orbits as well as stated it prepares a launch of 36 even more satellites on December 17, 2020. The Friday statement likewise stated OneWeb strategies “a constellation of 650 LEO satellites,” yet that might be simply the start. OneWeb in August safeguarded United States authorization for 1,280 satellites in tool Earth orbits, bringing its complete permission to 2,000 satellites.

OneWeb will certainly be playing capture up versus SpaceX, which has actually introduced concerning 800 satellites, has consent to release almost 12,000, as well as is currently giving Internet solution to United States consumers in a beta. SpaceX as well as OneWeb are both looking for United States consent to release 10s of countless added satellites.

There’s likewise competitors from Amazon’s Project Kuiper, which has United States authorization to release 3,236 reduced-Earth-orbit satellites as well as a $10 billion financial investment strategy.