The UK just paid 500M to battle Musk in the internet-from-space race cos Brexit
Get the Full StoryA new challenger has appeared in the internet-from-space race: the UK government, which CNBC reports has committed 500 million to reviving bankrupt satellite startup OneWeb. The UK government won a 20 stake in OneWeb during an auction in New York on Friday, pending court approval. The bid, reportedly made through a consortium, was worth more than 1 billion in total. Read: A look inside Europe s 7 trillion technology market The move sets the UK government squarely against billionaires Elon Musk and Jeff Bezos, both of whom are pouring huge sums of cash into their own broadband-beaming satellite plays, Starlink and This story continues at The Next WebShare: