With 34 OneWeb satellites sent to orbit from the Baikonur launch center in the south of Kazakhstan, the total number of satellites in OneWeb increased to 74.
The first six OneWeb satellites were launched from French Guiana in February 2019, and another batch of 34 satellites was launched last month from the Baikonur Cosmodrome.
So far the company has raised £2.6 billion to fund its ambitions, but startup costs are high and the company is apparently facing uncertainties by The Federal Communications Commission (FCC) as to how many satellites can be used to provide internet access to the US. A OneWeb spokesperson didn't immediately respond to an inquiry from FierceWireless, but the company in a statement provided to TechCrunch last week suggested that delays in the launch schedule and satellite manufacturing are inevitable.
Unlike SpaceX, OneWeb intends to sell its connectivity services to governments and corporate customers that provide internet service to airplanes, ships and boats.More news: GM to help produce ventilators during coronavirus crisis
It said the current global health and economic crisis underscores the tremendous need and demand for connectivity, especially for rural and under-connected communities worldwide.
In the same press release, OneWeb's CEO Adrian Steckel was bullish about the viability of his company and said, "In these unprecedented times following the global outbreak of COVID-19, people around the world find themselves trying to continue their lives and work online".
According to a Bloomberg report, OneWeb is exploring both filing for bankruptcy and other out-of-court alternatives in an attempt to address dwindling cash reserves.
OneWeb satellite operator It has confirmed that its workforce has been reduced through layoffs, after Newsdio learned that it cut its workforce by as much as 10 percent this week.More news: Joshua's Pulev fight not yet off but Hearn speculates on Fury bout
"The crisis has demonstrated the imperative need for connectivity everywhere and has exposed urgent shortcomings in many organisations' connectivity capabilities", said Steckel. "Our satellite network is poised to fill in many of these critical gaps in the global communications infrastructure", he said. With the launching of new satellites, OneWeb is getting closer to its goal of providing internet from space.
OneWeb have so far declined to comment on the bankruptcy claims, and have eschewed negativity by focusing on the successful launch.
The Bloomberg report says it is looking for other options beyond a formal bankruptcy filing to stay afloat, but the company faces major challenges in terms of operating costs.More news: Spring breakers from University of Tampa test positive for coronavirus