UK Space Internet Co. Readies for Blastoff
Bringing Mobile to the World
The UK based, space internet company OneWeb has just secured an additional $1.25 billion in funding, bringing the total to $3.4B. That enables it to accelerate plans for a global, high speed broadband network. They say, they'll have the network launched in 2021. They've already launched six satellite for service. By the end of 2019 they'll be launching 30 satellites per month. For global internet coverage, they'll need a network of at least 650 satellites. And, as the internet of things expands, that number could triple.
OneWeb isn't alone in its goal to deliver global internet coverage. Elon Musk's Space X is racing to do the same thing. OneWeb has big pocket investors including Japan's tech giant SoftBank, Virgin Group and Coca-Cola. The company is also launching low cost, mini satellites to bring mobile to the world. One of the great hopes is to provide full internet access to the developing world to help lift many out of poverty through education and connectivity.