OneWeb Raises $1.2 Billion to Fund Satellite Production

OneWeb MicrosatelliteOneWeb Ltd., founded in 2012 with the goal of providing affordable internet access for everyone on the planet using a constellation of 720 low earth orbit (LEO) satellites, announced it has secured $1.2 billion to fund satellite development and the construction of a high volume satellite production facility in Exploration Park, Fla.

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