Space race with Musk heats up while Eutelsat participates in OneWeb
Eutelsat, the European satellite operator of 20 percent of the French state, is paying $ 550 million for OneWeb, a pioneering space-based Internet, at 24 percent.
The UK government and India’s Bharti Global represent a significant step forward for the team rescued from defeat last year in a satellite race against SpaceX CEO Elon Musk.
OneWeb and SpaceX Starlink aim to launch mega constellations of low-Earth orbit (Leo) satellites to deliver high-speed broadband from space.
The agreement makes it one of the largest fixed satellite operators in the world, with a large number of commercial, government and customer organizations. OneWeb may be able to purchase low-latency satellite services offered by OneWeb’s ground orbit fleets. the agreement said.