The additional funding provides OneWeb with needed capital to come up with a constellation of 648 satellites in low-Earth orbit by the end of 2022 to deliver broadband connectivity and low-latency communication services to customers worldwide, the company said Friday.
SoftBank will have a seat on OneWebâ€™s board of directors as part of its investment.Â
Hughes is working on a ground system for the OneWeb satellite constellation under a $250M contract awarded in December.
â€œThe investments made today by Hughes and SoftBank will help realise the full potential of OneWeb in connecting enterprise, government and mobility customers, especially with multi-transport services that complement our own geostationary offerings in meeting and accelerating demand for broadband around the world,â€ said Pradman Kaul, president of Hughes.
OneWeb now has a total of 110 satellites in orbit after the company launched 36 new LEO satellites in December.