Skip to content
Monday 10 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,862.50
-0.35%
DAX
26,323.88
+0.02%
CAC 40
8,726.03
+0.13%
STOXX 50
6,535.62
+0.18%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Wednesday 27 February 2019 1:17 pm  |  Updated:  Monday 03 June 2019 1:43 am

Airbus and Softbank-backed Oneweb to launch first satellites into space

An Arianespace rocket carrying six satellites made by Airbus and Oneweb is scheduled for lift-off tonight, marking the joint venture's first launch since they teamed up last year.

The launch is set to go ahead at 9:37pm GMT from the European Space Port in Kourou, French Guiana. It was initially scheduled for the same time last night, however the launch was axed due to a technical fault in the rocket.

The six satellites will form the first part of Oneweb's constellation above Earth, which will improve access to high-speed broadband from anywhere on the planet. Acting as a global communications network in space, Oneweb has a launch target of 650 satellites by 2021 before expanding to more than 900 satellites over time.

Read more: UK Space Agency fires £18m into Softbank's Oneweb for satellite network

The satellites are currently built by the joint venture, named Oneweb Satellites, in Toulouse. However from next month, the operation will move to a purpose-built warehouse in Florida valued at $85m (£63.7m).

Oneweb chief commercial officer Nicolas Zibell told Morning Wire in Barcelona that the joint venture, named Oneweb Satellites, will be building more than two satellites per day at the new site.

"It will be the first time we’re going to enable mass-production of satellites," he said, noting that in most cases it takes engineers months just to build one satellite.

"Not all satellite companies are looking for mass-production, but it will definitely give us a significant advantage when it comes to launching constellations and having the capability to cover the globe with satellites in a few years."

With 5G on the horizon, Zibell said the constellation will offer carriers and telecoms partners the ability to extend their networks across the globe with ease, serving homes and businesses as well as moving planes and ships.

Read more: Virgin Galactic rocket reaches space for second time

The news follows an £18m investment into Oneweb's project last week by the UK Space Agency. Oneweb has raised more than $2bn in funding to date, taking investment from the likes of Softbank, Coca-cola, Virgin boss Sir Richard Branson and Qualcomm.

The firm, which is London-headquartered, will be hiring more than 200 staff at its White City offices to support the project from the UK. Oneweb also today announced it has closed its two first commercial deals for the satellites with telecoms firms Talia and Intermatica.

Zidell told Morning Wire that Oneweb is on track to have launched more than 25 per cent of its satellite network by the end of this year.

He declined to say whether the firm has contingency plans in place with another potential US shutdown on the horizon. During January's shutdown, some rocket launches were delayed due to restrictions on funding for the US Air Force.

 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Tech
  • Transport & Infrastructure

Related Topics

Trending Articles

  • Nottingham Forest owner Marinakis sues Crystal Palace for defamation

  • Back to basics: Sainsbury’s gradual retreat from the British high street

  • Thames Water faces fresh threat to survival after pensions regulation breach

  • Hargreaves Lansdown orders staff back to office

  • As it happened: Intel, Arm shares slide; Oil climbs higher

More from Morning Wire

  • SES Reports H1 2026 Results & Reiterates Full-Year Outlook

    Business Wire
  • Planet Opens London Office, Expanding European Footprint

    Business Wire
  • We reached Mars 50 years ago, why haven’t we sent people?

    Opinion
    Mars One rocket on launchpad, ready for its mission to the red planet
  • Scottish Government Selects Planet for AI-Enabled Monitoring to Support Sustainable Agricultural Reform

    Business Wire
  • Smurfit Westrock partners with Coca-Cola on World Cup packaging to capture spike in consumer demand

    Business Wire
  • Sushidog investor pumps seven-figure sum into golf sim brand ahead of Open

    Sport Business
    TeeGo 27 electric scooter launch featuring sleek design and advanced technology in a modern urban setting
  • AI, drones and data: Defence giants splash record $4.1bn on tech start-ups

    Tech
    Defence
  • Xsolla Connect Returns to Brighton

    Business Wire
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook