The UK is spending $500m (£400m) on a stake in failed satellite firm OneWeb as part of a plan to replace use of the EU’s Galileo sat-nav system.
OneWeb went bankrupt in March while trying to build a spacecraft network to deliver broadband.
The UK is part of a consortium with India’s Bharti Global which won a bidding war for the company.
Business Secretary Alok Sharma said it would help deliver the “first UK sovereign space capability”.
In a statement ... Read even more
