Amazon, SpaceX Among Companies Circling Bankrupt OneWeb

Jeff Bezos’ Amazon and Elon Musk’s SpaceX are among companies doing due diligence on OneWeb, the satellite broadband company that declared bankruptcy in March.

Other companies interested include Eutelsat, Cerberus and two Chinese companies, according to Space Intel Report.

OneWeb has 74 satellites in orbit, which is only 11.4 percent of an initial planned constellation of 648 satellites designed to provide broadband services across the globe.

SpaceX is already deploying its rival Starlink constellation with satellites the company says are more capable than the ones launched by OneWeb. Bezos’ Amazon is planning its own satellite constellation.

It’s not clear whether potential buyers want to purchase the entire company or the OneWeb’s bandwidth allocation, which could be worth as much as $1 billion.

OneWeb filed bankruptcy in March, blaming the coronavirus (COVID-19) pandemic for drying up financing for the multi-billion satellite constellation.