OneWeb raises $1.2 billion in investment capital
The competition heats up: OneWeb, in its effort to build a constellation of 900 satellites to provide internet services worldwide, has raised $1.2 billion.
Japan-based SoftBank invested $1 billion of the total $1.2 billion, and has also become a strategic partner, with one of its directors, Ronald Fisher, joining OneWeb’s board of directors. Combined with the $500 million OneWeb raised in June 2015, the total amount gathered now stands at $1.7 billion out of an expected total cost of $2.5 billion to $3.5 billion for the full constellation of 900 small satellites. OneWeb Founder Greg Wyler told SpaceNews that thanks to SoftBank, the company has raised more from investors than originally anticipated, allowing OneWeb to forgo a third investment round.
They plan to build a factory in Florida capable of building 15 satellites per week.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
The competition heats up: OneWeb, in its effort to build a constellation of 900 satellites to provide internet services worldwide, has raised $1.2 billion.
Japan-based SoftBank invested $1 billion of the total $1.2 billion, and has also become a strategic partner, with one of its directors, Ronald Fisher, joining OneWeb’s board of directors. Combined with the $500 million OneWeb raised in June 2015, the total amount gathered now stands at $1.7 billion out of an expected total cost of $2.5 billion to $3.5 billion for the full constellation of 900 small satellites. OneWeb Founder Greg Wyler told SpaceNews that thanks to SoftBank, the company has raised more from investors than originally anticipated, allowing OneWeb to forgo a third investment round.
They plan to build a factory in Florida capable of building 15 satellites per week.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
OneWeb website is at
http://oneweb.world/#home
Check them out.
–It’s a huge conglomeration of All The Usual Suspects; Qualcomm, Virgin Group, Intelsat, Grupo Salinas, Airbus, Hughes, Coca Cola, to name but a few.
It sounds like capitalism but….. not quite.
Softbank is the Japanese investor which together with Trump after the election said they’ve now decided to invest $50bn in the US. Great that space industry is on their buying list this Christmas.
LocalFluff–
Softbank announced that “investment” 6-9 months ago.
>We have 90 million, work-ready people, not in the labor-force. So… we need to create the Conditions for 89,950,000 more jobs, and that won’t be done “one deal at a time.”
Go to the Securities & Exchange Commission (SEC) website at
https://www.sec.gov/index.htm
and look for the EDGAR search-box to read Softbank’s various filing’s.
tangential–
I see DJT has met with Carlos Slim. (Mexican Phone Company Billionaire) Slim will explain to Trump & Rinse why the Feds spending $4 billion a year on Free Cell Phones (which Slim supplies), is actually a Great Idea and will continue to Make America Great, Yet Once Again.
>>If the “Life-Line Program” (aka Obama-Phones) isn’t killed instantly 100%, it will never go away. (Started at $400/million/year, is now $4 billion/year.)