The funding request comes just over six months after OneWeb secured $1.25 billion in new capital funding after it successfully launches six satellites.
- Read more OneWeb secures $1.25bn in new funding
The firm plans to begin orbitting 30 satellites per month in the coming weeks as it pushes to successfully orbit 650 satellites to boost global broadband services.
Earlier this year OneWeb partnered with Florida-based Airbus to revamp the manufacturing of communication satellites and be the first to employ industrial-scale mass-production techniques for satellites.
The firm claims the new facility in Florida “marks a breakthrough in technology and manufacturing” which will reduced costs and production times to deliver one satellite per production shift and two in a day.
The mass production will significantly expand its company’s mission to ensure internet connectivity reaches everyone, everywhere and make space technology more accessible.
- Read more OneWeb accelerates satellite production