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Softbank Leads $1.2B Funding In Satellite Startup

by newsweek.com posted 1year ago 2956 views
Space startup OneWeb has raised $1.2 billion to build and launch a constellation of satellites capable of delivering high-speed internet to developing countries. OneWeb claims the funding drive, led by Japanese technology giant SoftBank, will allow it to begin production of the satellites in 2018, with the hope of connecting every unconnected school in the world by 2022.