Satellite Internet gets a fresh look, cash infusion

The race for Internet service from space is on, again. After a series of failed satellite Internet projects over the past two decades, fresh investment is coming into the sector, and at least three high-profile projects are moving forward. OneWeb, a London-based consortium backed by tycoon Richard Branson, announced in June it had raised $500 million from investors including Airbus, Qualcomm and Intelsat to advance its plan for satellite broadband to underserved parts of the world.