Eutelsat OneWeb is a subsidiary of Eutelsat Group operating a low-Earth orbit (LEO) satellite constellation of 652+ active satellites providing high-speed, low-latency connectivity. Originally founded as WorldVu by Greg Wyler in 2012, OneWeb filed for Chapter 11 bankruptcy in March 2020 but emerged in November 2020 with investment from the UK Government and India's Bharti Global. In September 2023, OneWeb merged with Eutelsat, creating a unique multi-orbit satellite operator combining LEO and GEO capabilities. The constellation operates at 1,200 km altitude with 12 orbital planes, delivering 195 Mbps+ download speeds with 99.5% reliability to government, defense, telecom, maritime, and aviation customers. Eutelsat OneWeb is developing a second-generation constellation (Gen2) targeting service entry around 2028.
OneWeb has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2012
Employees
201–500
Total Funding
$5.7B
9 rounds
Latest Valuation
$3.4B
August 12, 2021
Total raised $5.7B across 9 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Strategic equity
Date
August 12, 2021
Amount
$300M
Valuation
$3.4B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| August 12, 2021 | Strategic equity | $300M | $3.4B | Hanwha Systems |
| June 29, 2021 | Strategic equity | $500M | — | Bharti Global |
| April 27, 2021 | Strategic equity | $550M | — | Eutelsat Communications |
Jean-François Fallacher
Chief Executive Officer
Dominique D'Hinnin
Chairman, Eutelsat Group
Greg Wyler
Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
SpaceX Starlink
Operates 7,000+ LEO satellites at 550 km altitude, serving 8+ million consumers globally at competitive pricing; dominant LEO broadband provider.
Amazon Project Kuiper (Amazon Leo)
Planning 3,236-satellite constellation at 590-630 km altitude, targeting consumer price ~$100/month; rebranded to Amazon Leo in November 2025.
Telesat Lightspeed
Canadian LEO satellite constellation operator in development; alternative to Starlink and Kuiper.
European Space Agency IRIS²
European government-backed LEO constellation initiative for secure European satellite broadband infrastructure.
Viasat
Established satellite broadband provider operating GEO satellites; competes on commercial and government services.
HughesNet
GEO satellite broadband provider serving rural and underserved markets; legacy satellite internet competitor.
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