There were a few tense moments immediately prior to the launch of the giant Soyuz rocket at Russia’s Vostochny Cosmodrome when the countdown clock went past the ‘3-2.1-Zero’ command, but a few seconds later, the engines burst into life and the 36-satellite payload for OneWeb launched. Some four hours after its 12.26pm (GMT) launch and […]
UK senior civil servants have formally warned the government that its commitment to put $500 million into a joint venture with Bharti Global to buy bankrupt satellite operator OneWeb has a high risk of losing all the investment. OneWeb is currently totally unprofitable and it is likely to need considerable further investments for satellite building […]
Alok Sharma, the UK’s Secretary of State for Business, Energy and Industrial Strategy (BEIS), and the man about to be responsible for running the UK’s arm of OneWeb, told a House of Commons all-party BEIS scrutiny committee that utilising OneWeb as a replacement for Europe’s Galileo GPS system was not key to the acquisition. However, […]
A UK parliamentary sub-committee is asking some tough questions of the British government about its commitment to buy OneWeb out of bankruptcy. The government’s Dept. of Business Energy and Industrial Strategy (BEIS) was posed the questions by the all-party subcommittee (“the Business, Energy and Industrial Strategy Select Committee”) which is chaired currently by a Labour […]