4.9 C
London
Monday, April 22, 2024
HomeBusinessOneWeb to resume satellite launches with SpaceX tie-up

OneWeb to resume satellite launches with SpaceX tie-up

Date:

Related stories

TDR Capital nears acquisition of Zuber Issa’s Asda stake

PRIVATE equity firm, TDR Capital, is on the cusp...

Iran-Israel conflict: European shares pare losses

EUROPEAN stocks closed lower on Friday (19), but off...

Meta releases upgraded AI assistant Llama 3

Meta has announced the launch of an enhanced AI...

India seeks carbon tax exemption in trade talks: report

INDIA is pressing for an exemption from the UK’s...

Infosys Q4 net soars 30 per cent, revenue up 1.3 per cent

INDIAN IT services major Infosys has said its consolidated...

ONEWEB, the low earth orbit (LEO) satellite communications company, on Monday (21) announced that it has entered into an agreement with SpaceX which will enable it to resume satellite launches.

The first launch with SpaceX is anticipated this year and will add to OneWeb’s total in-orbit constellation that currently stands at 428 satellites, or 66 per cent of the fleet, the company said in a statement.

The British company, backed by India’s Bharti Enterprises, said the terms of the agreement with SpaceX are confidential.

OneWeb intends to deliver high-speed, low-latency global connectivity when it starts commercial operations.

The demand for its broadband connectivity services has continued to grow across telecommunications providers, aviation and maritime markets, and governments across the world, the company said.

OneWeb CEO Neil Masterson said: “We thank SpaceX for their support, which reflects our shared vision for the boundless potential of space.”

With the launch plans in place, OneWeb is on track to finish building out its full fleet of satellites and deliver robust, fast, secure connectivity across the globe, Masterson added.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories