|Industry||Satellite Internet access|
OneWeb, formerly known as WorldVu Satellites, is a global communications company founded by Greg Wyler. The company is headquartered in London, United Kingdom and was founded in Arlington, Virginia, USA and commenced launches of the OneWeb satellite constellation, a network of more than 650 low Earth orbit satellites, on February 27, 2019.
Its intended goal is to provide internet services to "everyone, everywhere" delivering much needed connectivity to rural and remote places as well as to a range of markets including aero, maritime, land mobility, cellular backhaul.
The company was founded in 2012 under the name WorldVu, based in Britain's Channel Islands. OneWeb secured $500 million in funding including launch deals with Virgin Galactic and Arianespace in 2015.
In December 2016, OneWeb raised $1 billion from SoftBank Group Corp. and $200 million from existing investors. In July 2016, one year after the initial announcement, OneWeb stated they were on schedule.
In February 2017, OneWeb announced that it expected to sell all of its capacity by launch time, yet the only announced capacity sold was for a joint Gogo and Intelsat venture. Wyler announced he was considering nearly quadrupling the size of the satellite constellation by adding 1,972 additional satellites that it has priority rights to. With the original capital raise of $500 million in 2015, plus the $1 billion investment of SoftBank in 2016, previous "investors committed to an additional $200 million, bringing OneWeb’s total capital raised to $1.7 billion."
On February 27, 2019, OneWeb successfully launched its first six satellites into low Earth orbit from the Guiana Space Centre in French Guiana using a Soyuz-2 rocket. The same day OneWeb announced that it signed its first two client agreements marking the beginning of its commercialization. On March 18, 2019, OneWeb announced it had secured $1.25 billion in funding following a successful first launch.
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- "OneWeb makes history as first launch mission is a success". OneWeb. 2019-02-28. Retrieved 2019-02-28.
- "OneWeb Announces First Two Client Agreements - Start of Commercial Network Commercialisation". OneWeb. 2019-02-27. Retrieved 2019-02-27.
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