OneWeb files for Chapter 11 bankruptcy protection

Image: OneWeb Space exploration firm OneWeb has filed for Chapter 11 bankruptcy protection, GeekWire reports, leaving uncertainty about the 74 satellites it has in orbit and its plans to provide high-speed internet from space.
In a news release, OneWeb said it plans to use the bankruptcy proceedings to pursue a sale of the company. “While the company was close to obtaining financing, the process did not progress because of the financial impact and market turbulence related to the spread o