US internet satellite startup OneWeb raises $1.25 billion

US-based internet satellite startup OneWeb has raised $1.25 billion for mass production of satellites, weeks after successfully launching its first six of the initial 650 satellites. The funding round saw participation from investors including SoftBank, Grupo Salinas, Qualcomm and the Rwandan government. Founded in 2012, the startup aims to launch 900 satellites for global internet connectivity.