> The company, which originally intended to offer affordable internet services to the remotest parts of the planet, has 74 satellites in orbit and plans for several hundred more. OneWeb also has a significant advantage in that it has priority on broadcast spectrum over SpaceX’s Starlink, a rival low-earth satellite internet service, people close to the subject said.
In April, OneWeb approached the UK government for a £500m loan as part of a wider $2.2bn financing from private investors. However, the government has decided on an equity investment to preserve its influence. The company is regulated by the UK’s Ofcom, but its management is largely American. Its satellites are also manufactured in Florida in a joint venture with Airbus. It has promised to repatriate manufacturing to the UK.
The government’s potential participation in a OneWeb bid has been the focus of fierce opposition in some parts of the space industry, which had hoped to win positions on a Galileo-style navigation project. Critics have dismissed the low-earth technology as unproven and fraught with risk.
However, a deciding factor appears to have been support from US defence officials who have told the government they do not want the UK to develop a replica of the GPS system. A low-earth navigation service would complement the US system and offer extra resilience to US allies, say several parties close to the subject.
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so yeah, as always, it's actually more complicated than it seems.
this is why i usually tend to steer far away from the guardian or other general purpose newspapers, they never offer the full picture.