- OneWeb Ltd looks to use Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s Space Exploration Technologies Corp (SpaceX) to launch satellites.
- OneWeb would continue deploying the remaining 220 spacecraft out of its initial planned fleet of 648.
- OneWeb made a move after Russia blocked deployments with French rocket company Arianespace SA, Bloomberg reports.
- OneWeb also looked to beam broadband down from low-Earth orbit to businesses and government customers.
- Russia refused to let OneWeb proceed with a March 5 launch in the Kremlin-controlled Baikonur Cosmodrome in Kazakhstan using a Russian-supplied Soyuz rocket operated by Arianespace.
- Russia urged the U.K. to sell its stake in the business and sought assurance of OneWeb against not utilizing it for military applications.
- OneWeb looked to resume the launches in 2022.
- Price Action: TSLA shares traded higher by 0.71% at $912.10 on the last check Monday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Here's Why OneWeb Resorted To Elon Musk's SpaceX For Satellite Launch
OneWeb
Elon Musk
SpaceX
Tesla Inc.
Russia
Arianespace
Space Exploration Technologies Corp
Baikonur Cosmodrome
Kazakhstan
Kremlin
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks