OneWeb gets $1.2B investment to ramp-up satellite production in Florida

OneWeb LLC plans to kick-off satellite production at its manufacturing plant in Florida this spring, thanks to its largest funding round to date.

The Arlington, Virginia-based company announced March 18 that it secured a $1.25 billion funding round led by Tokyo-based multitrillion-dollar conglomerate Softbank Group Corp., Qualcomm Technologies Inc. and more. Read more here.