OneWeb was in the early stages of launching its own global satellite internet constellation, which would have competed directly with the network SpaceX is building called Starlink. While SoftBank is its largest investor, OneWeb had raised about $3.4 billion in funding with investors including Qualcomm, Airbus, Virgin Group, Coca-Cola, Maxar Technologies, Hughes Communications and Intelsat. All 74 of the satellites OneWeb put in orbit so far are operating as expected. CEO Adrian Steckel told CNBC in a February interview that the company “is always raising” money.
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