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1. SoftBank, Qualcomm bet $1.25B on satellites
SoftBank ([[SFTBF]],[[SFTBY]]) led and Qualcomm (QCOM) participated in a $1.25B round for OneWeb, which will in the coming weeks launch its first six satellites providing high-speed internet access. Grupo Salinos and the government of Rwanda also participated. Total funding now stands at $3.4B.
OneWeb is preparing for the large-scale production and launch of its first-gen constellation of 648 satellites. The