The government of the United Kingdom of Great Britain and Northern Ireland (the U.K.) announced today they are acquiring the U.S. and U.K.-based company OneWeb, which filed for bankruptcy in March 2020 after failing to attract enough capital and customers for its planned internet satellite constellation and operating in a high debt-to-income ratio.
The decision for the U.K. government to purchase OneWeb came with few details about when satellite launches will resume and exactly what the OneWeb satellites will now be used for and even who will have access to them once launched.