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| Artist’s rendition of the OneWeb constellation. Credit: OneWeb |
Ken Kremer - - For SpaceUpClose.com & RocketSTEM
CAPE CANAVERAL, FL – Despite successfully building and launching 74 satellites into low Earth orbit initiating the start of a mega satellite constellation to provide global internet low latency service London based OneWeb has filed for Chapter 11 bankruptcy in an official announcement from the company that will result in job losses after failing to secure financing from its largest investor SoftBank to move forward.
Read the entire story at Space UpClose:
https://www.spaceupclose.com/2020/03/oneweb-files-for-bankruptcy/
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