Into the unknown: government bets $500m on satellite company OneWeb

BY Joseph Rachman   /  9 July 2020

Clever investment or white elephant? Every government project attracts this sort of scrutiny, but it’s latest venture into the space industry is stirring particular controversy.

At the heart of the debate is the satellite company OneWeb, which went bankrupt in March. The government is bailing it out, hoping to use it to launch a new satellite positioning and navigation system. The only hitch is that the satellites were designed with something different in mind – delivering satellite broadband.


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