SoftBank Unicorn OneWeb Falls to Earth, Plans to File for Bankruptcy Protection
Posted on 03/27/2020
Founded in 2012 as WorldVu Satellites, London-based OneWeb Ltd. is a broadband constellation satellite operator, whose largest shareholder is Japan-based SoftBank Group Corporation. After failing to find new sources of funding after a cash crunch, including from embattled SoftBank, OneWeb plans to file for bankruptcy protection in the U.S. OneWeb was in talks with SoftBank […]
