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OneWeb, the British satellite giant, completed its combination with French rival Eutelsat Thursday, setting the stage for a European challenger to Elon Musk's space internet venture Starlink. It comes as competition is heating up between different players in the multibillion-dollar space industry. Likewise, OneWeb also targets enterprise customers, but offers a different service capability thanks to its LEO network – similar to SpaceX's Starlink satellite internet. Eutelsat will remain headquartered in Paris, and OneWeb will continue operating in London with its name changed to Eutelsat OneWeb. Commercial deals are gaining traction in the space industry, with Musk's Starlink service working alongside businesses including Spain's Telefonica and French firms Marlink and Speedcast.
Persons: Elon, Morgan Stanley, OneWeb, Starlink, Eutelsat, Eva Berneke, Neil Masterson, Masterson, Musk's Organizations: Telecom Italia, Deutsche Telekom, Euronext Paris Stock, London Stock Exchange, Eutelsat, CNBC, Spain's Telefonica, SpaceX, SES Locations: British, Orange, Paris, London
Dmitry Rogozin said at the time that his agency wanted OneWeb to provide guarantees that its satellites were not going to be used against Russia. But it has been unable to retrieve the satellites from their Soyuz launchsite at the Russia-owned Baikonur Cosmodrome in Kazakhstan. The satellites are worth a combined $50 million, OneWeb chief executive Neil Masterson said Tuesday. OneWeb, which manufactures at least two satellites per day, had another batch of 36 satellites ready for launch soon after cancelling Soyuz, Masterson said. Asked if Russia's custody of the commercially sensitive technology raises security or competitive concerns for OneWeb, Masterson said: "It's not a material problem."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOneWeb's Neil Masterson discusses the future of satellite connectivityOneWeb CEO Neil Masterson discusses the future of satellite development and its advantages in remote areas.
Investing in Space: Coopetition
  + stars: | 2022-12-15 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +2 min
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Left without rides to space, OneWeb and Northrop turned to one of their biggest rivals in satellite broadband and space cargo delivery, respectively. Space – and the perspective it brings of a single, fragile planet floating in the dark – is often seen as unifying. I've often seen how tight-knit the space industry is – but that doesn't mean competitors are flying off into the sunset together. A programming note: Investing in Space will be taking the next week off for holiday travel.
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