In the Moment

SpaceX Rival OneWeb Files for Bankruptcy, Citing Covid-19 as a Factor

Telecommunications firm OneWeb has filed for bankruptcy, leaving the status of its orbital internet constellation, which currently consists of 74 satellites, in doubt. The debt-stricken company said it failed to secure required funding on account of the covid-19 pandemic.

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via Gizmodo https://ift.tt/2QWKWVo