Coke, Virgin, and Airbus Buy Into the Space Internet Dream

OneWeb announced a massive funding round backed by a prominent mix of global players

Greg Wyler, chief executive officer and founder of OneWeb Systems Inc., center, speaks about a new Internet-satellite network in London, U.K., on June 25, 2015.

Photographer: Matthew Lloyd/Bloomberg

If you’re going to be a wild-eyed dreamer talking about building the Space Internet, it’s good to back up your hype with action now and again. That’s exactly what Greg Wyler and his company OneWeb did on Thursday by revealing a massive funding round and firm contracts to launch hundreds of the company's satellites into orbit around the earth. 

To continue reading this article you must be a Bloomberg Professional Service Subscriber.