25 Jun '15, 7pm

Richard Branson and Coca-Cola invest $500 million to compete against SpaceX satellite internet

OneWeb is an internet satellite company hoping to win against SpaceX in the race to become the first to beam internet signals down to Earth. This week, Coca-Cola, Branson’s Virgin Group, Qualcomm, Airbus, and other power players announced the collective half billion dollar investment in the privately-owned company, which is registered to Jersey, off the coast of Normandy, France. With this funding, OneWeb intends to launch a massive rocket program to launch more than 600 satellites in orbit to provide low-cost global Internet access.

Full article: http://inhabitat.com/richard-branson-and-coca-cola-invest...

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