[Excerpt] As OneWeb strives to complete the financing of its satellite megaconstellation, the company has stopped affirming the cost targets envisioned when the program began.
OneWeb in 2015 set the goal of building 900 satellites for $500,000 each or less, with the total estimated cost of building, launching and operating the constellation at $3.5 billion.
Speaking Sept. 11 at Euroconsult’s World Satellite Business Week conference here, OneWeb President and Chief Operating Officer Eric Béranger refused to affirm satellite unit costs or total program costs despite industry speculation that both have grown well beyond the starting estimates.
