Posted on 02/20/2015 6:35:14 AM PST by Ray76
WorldVu Satellites Ltd., which has a license to operate a global network of low-orbiting Ku-band satellites to provide Internet access to fixed and mobile terminals, on Jan. 15 said it has secured chipmaker Qualcomm Inc. and Sir Richard Bransons Virgin Group as investors.
SpaceX founder Elon Musk, who had been in discussions with WorldVu founder Greg Wyler, is absent from the investor list, at least for now, Wyler said. But with Musk set to announce Jan. 16 that he is building a satellite production facility in Seattle, Musk may be in a position to win at least part of the business of WorldVu, now called OneWeb Ltd.
The OneWeb network is currently designed as some 650 125-kilogram satellites operating at 1,200 kilometers in altitude, each capable of delivering at least 8 gigabits per second of throughput to provide Internet access to homes and mobile platforms.
(Excerpt) Read more at spacenews.com ...
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