Soldato
- Joined
- 15 Feb 2003
- Posts
- 10,140
- Location
- Europe
As someone who currently uses the pitiful and expensive satellite services offered by the likes of Iridium. I was looking with interest to OneWeb and SpaceX, and whatever Amazon come up with for internet communications in the future.
It seems though OneWeb has now filed for bankruptcy apparently due to Corona stopping them securing additional funding.
https://www.bbc.com/news/science-environment-52070949
One thing I don't get from the story though is why has a British company filed for Bankrupcy in the US? How does that work? The Article even mentions that is no-one buys OneWeb then the UK Government takes responsibility for the satellites.
It seems though OneWeb has now filed for bankruptcy apparently due to Corona stopping them securing additional funding.
https://www.bbc.com/news/science-environment-52070949
One thing I don't get from the story though is why has a British company filed for Bankrupcy in the US? How does that work? The Article even mentions that is no-one buys OneWeb then the UK Government takes responsibility for the satellites.