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takyon writes:

SpaceX gets FCC license for 1 million satellite-broadband user terminals

SpaceX has received government approval to deploy up to 1 million user terminals in the United States for its Starlink satellite-broadband constellation.

SpaceX asked the Federal Communications Commission for the license in February 2019, and the FCC announced its approval in a public notice last week. The FCC approval is for "a blanket license for the operation of up to 1,000,000 fixed earth stations that will communicate with [SpaceX's] non-geostationary orbit satellite system." The license is good for 15 years.

[...] One million terminals would only cover a fraction of US homes, but SpaceX isn't necessarily looking to sign up huge portions of the US population. Musk said at the conference that Starlink will likely serve the "3 or 4 percent hardest-to-reach customers for telcos" and "people who simply have no connectivity right now, or the connectivity is really bad." Starlink won't have lots of customers in big cities like LA "because the bandwidth per cell is simply not high enough," he said.

SpaceX's main Starlink constellation competitor is running out of money

OneWeb, the only pressing competitor facing SpaceX's Starlink satellite internet constellation, has reportedly begun to consider filing for bankruptcy shortly before the London-based company completed its third dedicated launch.

upstart writes in with an IRC submission for SoyCow8162:

OneWeb goes bankrupt, lays off staff, will sell satellite-broadband business:

OneWeb has filed for bankruptcy and intends to sell its business, bringing an abrupt end to the company's plan to offer high-speed satellite Internet service around the world.

OneWeb announced Friday that it "voluntarily filed for relief under Chapter 11 of the [US] Bankruptcy Code," and "intends to use these proceedings to pursue a sale of its business in order to maximize the value of the company." OneWeb made the decision "after failing to secure new funding from investors including its biggest backer SoftBank," largely because of the coronavirus pandemic, the Financial Times wrote. OneWeb also "axed most of its staff on Friday," the FT article said.

OneWeb previously raised $3 billion over multiple rounds of financing and was seeking more money to fund its deployment and commercial launch. "Our current situation is a consequence of the economic impact of the COVID-19 crisis," OneWeb CEO Adrián Steckel said in the bankruptcy announcement. "We remain convinced of the social and economic value of our mission to connect everyone everywhere."

The bankruptcy announcement came a week after OneWeb said it expected "delays to our launch schedule and satellite manufacturing due to increasing travel restrictions and the disruption of supply chains globally."

takyon writes:

Bankrupt OneWeb seeks license for 48,000 satellites, even more than SpaceX

SpaceX and OneWeb have asked for US permission to launch tens of thousands of additional satellites into low Earth orbit.

SpaceX's application to launch 30,000 satellites—in addition to the nearly 12,000 it already has permission for—is consistent with SpaceX's previously announced plans for Starlink.

OneWeb's application to launch nearly 48,000 satellites is surprising because the satellite-broadband company filed for bankruptcy in March. OneWeb is highly unlikely to launch a significant percentage of these satellites under its current structure, as the company reportedly "axed most of its staff" when it filed for bankruptcy and says it intends to use bankruptcy proceedings "to pursue a sale of its business in order to maximize the value of the company." Getting FCC approval to launch more satellites could improve the value of OneWeb's assets and give more options to whoever buys the company.

Previously:
SpaceX Approved to Deploy 1 Million U.S. Starlink Terminals; OneWeb Reportedly Considers Bankruptcy
OneWeb Goes Bankrupt, Lays Off Staff, Will Sell Satellite-Broadband Business

Original Submission

takyon writes:

British government and Bharti Global buy OneWeb, plan $1 billion investment to revive company

The British government and Indian mobile network operator Bharti Global placed the winning bid to acquire OneWeb, a broadband megaconstellation startup that filed for Chapter 11 bankruptcy protection in March after running out of funding, OneWeb said July 3.

OneWeb said it has secured $1 billion in new funding — $500 million from the British government to "deliver first UK sovereign space capability," and another $500 million from Indian mobile network operator Bharti Global — to recapitalize its constellation effort.

OneWeb, in a news release, said the funding will "effectuate the full end-to-end deployment of the OneWeb system," but did not specify if that system is the original 650-satellite constellation the company was pursuing prior to bankruptcy. OneWeb has 74 satellites in low Earth orbit.

"This deal underlines the scale of Britain's ambitions on the global stage," Alok Sharma, business secretary for the British government, said in a separate July 3 release from the U.K. Department for Business, Energy and Industrial Strategy. "Our access to a global fleet of satellites has the potential to connect millions of people worldwide to broadband, many for the first time, and the deal presents the opportunity to further develop our strong advanced manufacturing base right here in the UK."

UK looks to challenge Elon Musk's Starlink after winning bid for bankrupt satellite company OneWeb

The U.K. government is set to try and take on Elon Musk's Starlink after it was crowned the winning bidder of failed satellite company OneWeb at an auction in New York.

[...] The $1 billion-plus rescue bid was made through a consortium involving India's Bharti Global, which through Bharti Airtel, is the third-largest mobile operator in the world, with over 425 million customers.

[...] U.K. Business Secretary Alok Sharma confirmed the government has pledged to invest $500 million and take a "significant" equity share in OneWeb, which is headquartered in London. The stake is reported to be around 20%.

Previously: OneWeb Goes Bankrupt, Lays Off Staff, Will Sell Satellite-Broadband Business
OneWeb Seeks Permission to Launch 48,000 Satellites Despite Bankruptcy

Original Submission