Eutelsat to invest US$550m in OneWeb bringing constellation funding to 80 per cent

by | Apr 28, 2021 | Constellation, Finance, Seradata News

European satellite operator Eutelsat has announced its intention to invest US$550 million in OneWeb, the low Earth orbit (LEO) constellation developer. Eutelsat, which primarily operates a fleet of 27 GEO satellites, has been developing a LEO Internet of Things constellation. The terms of the investment, announced on 27 April and set to complete this year, will see Eutelsat invest US$550 million for an equity stake of about 24 per cent in the company. This stake will elevate Eutelsat to the same level of ownership as the UK Government and Indian conglomerate Bharti Global. Their interests, acquired in a rescue of OneWeb last year, will fall from 30 per cent each once the capital is enlarged. Eutelsat will also gain seats on the board of directors.


Eutelsat reports that this investment is to be 100 per cent in cash and will be sourced from its current (end-of-March 2021) cash-positive position, coupled with expected proceeds from the US C-band auction. Eutelsat expects to receive over US$500 million from this over the coming years.

Following the announcement from Eutelsat, OneWeb stated that the new funding would cover 80 per cent of the projected cost of its first-generation constellation. Since emerging from bankruptcy protection in November 2020, it has managed to raise US$1.9 billion in financing (including this most recent investment).

Comment by David Todd: Eutelsat (backed by the French government) originally lost out to the UK government and Bharti in the bankruptcy bidding auction last year. In effect, this move gets Eutelsat back in the LEO game for a relatively cheap price.  It is also good news for OneWeb as Eutelsat can provide a distribution/sales resource for the firm. The decision is also a sort of validation of the gamble that the UK government took (under the advice of Prime Minister Boris Johnson’s then adviser, Dominic Cummings) to invest in OneWeb.

About Seradata

Seradata produce the renowned SpaceTrak Launch & Satellite Database. Trusted by 100 of the world’s leading Space organisations, SpaceTrak is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to

Related Articles

Soyuz launch-stymied OneWeb taps ISRO for launches after similar SpaceX multi-launch deal

OneWeb, a UK-based low Earth orbit (LEO) communications satellite constellation operator, has announced that it has contracted with the Indian Read more

OneWeb calls and SpaceX answers with launch contract to complete constellation after Soyuz cancellations

SpaceX has ridden to the rescue of low Earth orbit satellite operator OneWeb after it lost its Soyuz rides for Read more

Analysis: Putin orders Russian tanks to roll into Ukraine…and spaceflight will be affected (Updated/Corrected)

On 21 February, Russia’s President Putin ordered troops and tanks into disputed territories of Donetsk and Luhansk for “peacekeeping”, which Read more

Second OneWeb mission from Kourou launches more satellites to orbit

Arianespace successfully launched a Soyuz 2-ST-B/Fregat M vehicle from the Sinnamary launch site near Kourou in French Guiana at 1809 Read more

Another 36 OneWeb satellites are launched into orbit by a Soyuz 2.1b/Fregat

Russia successfully launched a Soyuz 2.1B/Fregat vehicle from the Baikonur Cosmodrome, near Tyuratam in Kazakhstan, at 1310 GMT on 27 Read more

OneWeb crosses constellation halfway mark with another launch

LEO constellation contender OneWeb passed the satellite deployment, halfway mark with another 36-unit launch from Vostochny Cosmodrome, Russia. The mission Read more

Eutelsat invests an additional US$165 million in OneWeb to increase its shareholding

Doubling-down on its investment in LEO-constellation contender OneWeb, Eutelsat has agreed to contribute an additional US$165 million. This transaction will Read more

OneWeb approaches halfway mark as constellation deployment continues with successful launch

Another mission from the Baikonur Cosmodrome in Kazakhstan has carried 34 OneWeb satellites into LEO. The Soyuz 2-1B Fregat vehicle Read more