OneWeb CEO Adrian Steckel joins “Squawk Alley” to discuss the company’s ability to secure its largest funding to date, and its first successful satellite launch.
The video is HERE.
Some high points, the satellites cost one million each. Airbus is currently building one a day, with a goal of two a day by end of the year. The service will start when then satellites 650 are in orbit. First customer targets are airlines, cruise ships, and marine transportation fleets. Also, significant targets are schools around the world, with government sponsorship. Over time the service cost will be reduced for standalone users. Watch the video for all the details.
Starting around October, OneWeb expects to launch 30 or so more satellites every month as it looks to build a constellation of 650 satellites in low Earth orbit.
At that launch rate, it will take 22 months to reach 650 birds in orbit, assuming no failed launches and fully operational satellites. Services could start in the summer of 2021.
If I were on the school board of a rural school with poor broadband, I would be budgeting and writing grants for a OneWeb terminal for my school. Be prepared for the start of the 2021 school year, with a OneWeb Terminal using WiFi broadband distribution.