OneWeb lost $229 million when Russia canceled its launches and confiscated its satellites

On September 1, 2022, OneWeb revealed that Russia’s cancellation of the last six or so OneWeb launches as well as Russia’s confiscation of 36 satellites cost the company $229 million.

Russia’s actions were the response by then head of Roscosmos, Dmitry Rogozin, to sanctions imposed on Russia by the west because of its invasion of the Ukraine. Rogozin’s petty response ended up shooting his space agency in the foot, because it ended up losing billions of dollars in foreign launch business, business that is not likely to return for decades.

OneWeb has since signed contracts with SpaceX, ISRO (India’s space agency), and Relativity for future launches. None of these have been firmly scheduled, though the first by SpaceX is tentatively planned for sometime before the end of the year.

OneWeb signs deal to launch additional satellites using India’s GSLV rocket

Capitalism in space: OneWeb yesterday announced that it has signed a contract with New Space India, the commercial arm of India’s space agency, to launch additional satellites using that nation’s GSLV rocket.

From the company’s press release:

The first launch with New Space India is anticipated in 2022 from the Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota. The launches will add to OneWeb’s total in-orbit constellation of 428 satellites, 66 per cent of the planned total fleet, to build a global network that will deliver high-speed, low-latency connectivity.

The company refused to release any additional details. The deal however clearly indicates two things. First, OneWeb wants an alternative to using SpaceX for launching the satellites that the Russians had been previously contracted to put in space. This gives it flexibility should one or another company have issues. For example, SpaceX simply might not have the immediate capacity to launch all these satellites as quickly as OneWeb wants. This second deal distributes that capacity across two launch vendors.

Second, it is likely in the long run that India is going to get a lot of business from OneWeb. This gain for India is Russia’s total loss. The deal will also help get India out of its extended panic over the Wuhan flu. Since the arrival of COVID India’s space industry has ground to a halt, completing few launches. The OneWeb deal might force it to come back to life.