UK satellite firm OneWeb receives a $500M boost from Bharti

UK-based LEO (Low-Earth Orbit) satellite firm OneWeb is continuing a big news week with a $500 million investment from Bharti Global.

OneWeb received $1 billion from the UK Government and Bharti Global last year.

Rt. Hon Kwasi Kwarteng, MP, Secretary of State, BEIS, said:

“Today’s additional $500 million investment in OneWeb by Bharti marks yet another vote of confidence in the company from the market. It’s clear that investors see a strong future for...