Indian Tycoons Bet on Homegrown Satellite Internet to Compete with SpaceX
Indian tycoon Mittal claims that OneWeb, backed by Eutelsat, aims to build a global satellite internet network independent of the U.S. and China to compete with SpaceX's Starlink. Starlink has over 10,000 satellites in orbit and at least 13.6 million subscribers in its September quarter, generating more than $5 billion in connectivity revenue. OneWeb, with roughly 650 satellites, reported just €70.9 million in low-Earth orbit revenue during the same period. Mittal stated that OneWeb has been…
Indian Billionaire Bets on Homegrown Satellite Internet to Compete with SpaceX
Indian billionaire Mittal claims that OneWeb, a company backed by his Eutelsat, aims to build a global satellite internet network independent of the United States and China to compete with SpaceX's Starlink.
Starlink has over 10,000 satellites in orbit and at least 13.6 million subscribers in the September quarter, generating more than $5 billion in connectivity revenue. OneWeb, by contrast, has about 650 satellites and reported just €70.9 million in low-Earth orbit revenue for the same period. Mittal stated that OneWeb has been awaiting approvals in India for years and is currently at the front of the queue.
Bloomberg