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The British investment followed personal backing from Boris Johnson’s former top adviser, Dominic Cummings, despite reported opposition from civil servants. And yesterday Kwasi Kwarteng, the Business Secretary, said the deal showed Oneweb was ‘fast becoming an asset to the British taxpayer’. ‘It’s clear that investors see a strong future for this incredible, cutting-edge company and a robust commercial case for investment,’ he added. ‘The Government’s equity stake in Oneweb not only allows the UK to deploy low-Earth orbit technology, but will put our country at the forefront of the small satellite market which is set to rapidly expand over the years ahead.’

United kingdomCity ofOrkney islandsNeil mastersonJeff bezosDominic cummingsShravin mittalElon muskChris mclaughlinSunil bharti mittalKwasi kwartengBoris johnsonUnited kingdom space agencyDepartment for digitalBharti mittalBharti global