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Europe’s Airbus Group will design and build about 900 satellites for privately owned OneWeb Ltd, which plans to offer high-speed, space-based Internet access to billions of people worldwide, company officials said on Monday.
About 700 of the satellites, each of which will weigh less than 330 pounds (150 kg), will be launched into orbit around Earth beginning in 2018. The rest will stay on the ground until replacements are needed, said OneWeb, based in Britain’s Channel Islands.
Bankrolled in part by Richard Branson’s London-based Virgin Group and chipmaker Qualcomm Inc, the project will cost between $1.5 billion and $2 billion, OneWeb founder and Chief Executive Officer Greg Wyler said.
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http://www.reuters.com/article/2015/06/16/us-space-satellite-airbus-group-idUSKBN0OW00I20150616
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