The space startup OneWeb went bankrupt

Arbitration in the USA will consider the case of bankruptcy of OneWeb startup created by the British natives.

OneWeb was forced to declare itself insolvent amid the coronavirus epidemic. The global recession caused by the impact of the new disease on the economy led to the fact that the company was unable to attract additional investment – OneWeb required $2 billion.

The startup, which had previously promised to provide the entire planet with satellite Internet, also announced massive layoffs.