OneWeb expects $1bn in 3-5 years

Eutelsat, a significant shareholder in low-Earth orbit constellation OneWeb – which has some two-thirds of its fleet (428 craft) already in space, says that it sees OneWeb generating $1 billion (€0.96bn) in revenues within 3-5 years of its deployment.

A note from equity analyst Sami Kassab at investment bank Exane/BNPP to clients anticipates that OneWeb will expand its existing service later this year and enjoy full deployment in 2023.

Source: OneWeb expects $1bn in 3-5 years