Bharti ploughs $500m into OneWeb as Musk eyes $30bn satellite spend

OneWeb this week declared itself “financially secure” after receiving a further $500 million investment from shareholder Bharti Global, while arch-rival Starlink’s founder Elon Musk shared figures that suggest his company is far from it.
Speaking at Mobile World Congress in Barcelona, Musk was surprisingly frank about the cost of the Starlink satellite Internet service that he is pitching as a product to fill the gaps in fibre and 5G coverage.
By the time that Starlink reaches