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.