[Titanium Media Comprehensive] News on March 29. Recently, OneWeb, a satellite broadband company invested by Japan's SoftBank Group, reported bankruptcy application. According to the latest news from foreign media, the company explained in detail the reasons for applying for bankruptcy protection in an official statement.
OneWeb was founded in 2012 by technology entrepreneur Gregory Thane Wyler. OneWeb wants to provide people around the world with affordable high-speed Internet access by deploying hundreds of low-orbit satellites, which are also needed for data growth from 5G, the Internet of Things, autonomous driving, and other new technologies.
Foreign media said that the company's bankruptcy was unexpected because they were competing with Musk's SpaceX company to provide online services for people in remote areas. A week ago, the company sent nearly 34 satellites into orbit, bringing the total number of satellites to 74.
However, launching satellites is a costly endeavor, and OneWeb's own hematopoietic capacity is insufficient, relying heavily on external financing. OneWeb has raised funds many times since its establishment: In 2015, it received US $ 500 million in financing from investors such as Qualcomm, Virgin Group, and Airbus; in 2016, OneWeb raised US $ 1.2 billion, of which SoftBank Group invested US $ 1 billion. But at present, SoftBank is unable to continue to invest in OneWeb due to various debts, and the company is still facing a huge funding gap.
A few days ago, OneWeb CEO Adrian Stocker took the ongoing New Crown Virus pneumonia as a "Chapter 11 bankruptcy application" (not a liquidation company, but to provide bankruptcy debt protection) to the US Bankruptcy Court in the Southern District ofNew York. reason.
OneWeb introduced that the company has been seeking new funding since the beginning of 2020, but has failed to finalize the transaction. "Although the company is close to obtaining financing, the process has not progressed due to the financial impactand market turmoil associated with the spread of the new crown virus . "
Titanium media sound:
We know from studies of other coronaviruses that viruses can acquire this mutation and then they become more pathogenic. This explains why the virus spread so easily and caused the current pandemic. Surface protein mutations may have triggered the pandemic,but the weaker version of the virus has been circulating in the population for years, even decades, before accumulating to the present.
Our analysis, and others, point to an earlier origin than that (Wuhan). There must be some cases in Wuhan, but by no means the source of the virus.
-Robert Gary, Professor, Tulane University School of Medicine
It is extremely painful to implement high social isolation. I call it "closed." There is no middle choice. It is difficult to say that you will not infect others or be infected. Until we determine that the number of people infected is at a minimum, even if you tell everyone you can buy a house, a car, a restaurant, etc., I still very much doubt that people will really do it. People want to protect the elderly and their parents.
In short, the sooner we "take medicine", the sooner the highest-level medicine, the sooner we will get out of trouble and never return to it again.
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