OneWeb is ready to transform the world’s oceans with high-speed internet connectivity Whether you’re onboard a cruise liner, super yacht, or fishing boat, our high-performance network can deliver terrestrial broadband speeds and low latency connectivity.https://twitter.com/OneWeb/status/1559171072553107456
.@OneWeb: $600M in backlog at Aug 30; $229M impairment charge for 6 cancelled Russian Soyuz launches & 36 satellites stranded in Russia; $11.8M purchase of proxy co for US govt business is sole revenue source in FY 2022. @Eutelsat_SA @airtelnews @beisgovukhttps://www.spaceintelreport.com/oneweb-600m-in-backlog-as-of-aug-30-and-a-229m-impairment-charge-for-collapsed-russian-launch-deals/
PARIS — Startup satellite broadband constellation operator OneWeb Holdings Ltd. booked a $229 million impairment charge following the collapse of its launch agreements with Russia after Russia's Feb. 24 invasion of Ukraine, OneWeb said.The charge accounted for more than half of OneWeb’s $425.9-million operating loss for the 12 months ending March 31, 2022, the company said in a financial disclosure.The impairment includes the cost of six Russian Soyuz launches that likely will never occur, 36 OneWeb satellites that have remained in Russia
Quote@OneWeb: $600M in backlog at Aug 30; $229M impairment charge for 6 cancelled Russian Soyuz launches & 36 satellites stranded in RussiaNot sure what "$600M in backlog" mean in this context.
@OneWeb: $600M in backlog at Aug 30; $229M impairment charge for 6 cancelled Russian Soyuz launches & 36 satellites stranded in Russia
...Would that indicate that the value of those 36 stranded sats is $229M, ie OneWeb is $6M/sat?
Quote from: JayWee on 09/03/2022 11:20 am...Would that indicate that the value of those 36 stranded sats is $229M, ie OneWeb is $6M/sat?No, the 6 lost Soyuz launches and the stranded 36 OnWeb satellites have resulted in a loss of $229M.
LAUNCHESOneWeb’s key launch provider to date was Arianespace, which facilitated a totalof 13 launches (8 during the Financial Year), with sub-contractors Starsem andRUAG. After the postponement of launches on 4 March 2022 and the ongoinglong-term uncertainty, new commercial partnerships were formed with launchproviders including SpaceX and ISRO – NewSpace India Limited, to facilitate theremaining launches required to attain full global coverage for GEN 1.
According to my understanding, is Arianespace OneWeb's contractual partner.QuoteLAUNCHESOneWeb’s key launch provider to date was Arianespace, which facilitated a totalof 13 launches (8 during the Financial Year), with sub-contractors Starsem andRUAG. After the postponement of launches on 4 March 2022 and the ongoinglong-term uncertainty, new commercial partnerships were formed with launchproviders including SpaceX and ISRO – NewSpace India Limited, to facilitate theremaining launches required to attain full global coverage for GEN 1.https://assets.oneweb.net/s3fs-public/2022-08/AnnualReport_2022.pdfPresumably there was some political "support" that OneWeb did not sue Arianespace for repayment.Arianespace probably wouldn't have had the money anyway.
https://assets.oneweb.net/s3fs-public/2022-08/AnnualReport_2022.pdf
OneWeb takes $229 million charge for canceled Soyuz launchesby Jeff Foust — September 7, 2022WASHINGTON — OneWeb took a $229 million charge this year linked to the termination of its Soyuz launch contract and dozens of satellites stranded in Kazakhstan after Russia’s invasion of Ukraine.
OneWeb took the $229 million charge to cover payments for Soyuz launches that will no longer take place as well as 36 OneWeb satellites stranded at the Baikonur Cosmodrome. Credit: Roscosmos
The OneWeb satellite broadband constellation operator and launch-services provider Arianespace have reached an agreement on compensation Arianespace will provide OneWeb for past payments for Arianesapce-managed Russian launches that will never occur.Part of the compensation is Arianespace’s provision of payload adaptors, built by Beyond Gravity — the former Ruag Space — for the two launches of OneWeb satellites aboard Indian GSLV rockets.
Exciting news from #SMMfair in Hamburg today, as OneWeb and HD Hyundai Avikus announced an agreement to explore opportunities for advanced LEO satellite technology to support the next generation of marine expertise and autonomous shipping.https://twitter.com/OneWeb/status/1567806583521923075
If OneWeb can leverage Eutelsat’s fleet in geostationary orbit (GEO), Eutelsat CEO Eva Berneke said the low Earth orbit (LEO) broadband startup “might not need quite as many new satellites in order to address peak capacity.” <ship>The companies plan to provide more details about the cost of Gen 2 in mid-October.Berneke said she expects the companies will be able to issue a request for quote (RFQ) for Gen 2 in about six months, and then finalize the design of the constellation six months after that.
One source said the amount raised would be around £3billion of debt. It is understood the Government's export credit agency is involved in the discussions, according to City sources. <snip>A source said plans are at an early stage and could take nine months or more to finalise. The proceeds would be used to build more of its existing satellites and fund Gen II, more details of which are expected to be unveiled next month.
