Macron’s Moonshot Looks Like a Long Shot
Satellite startup OneWeb's past decade has resembled a space opera. Founded by a US entrepreneur and headquartered in London, it has partnered with Google and Elon Musk, supplied Arianespace, attracted investment from Hughes Network Systems and SoftBank Group and fallen into bankruptcy. It was then rescued by the UK government and India's Bharti Global.The next act has all the hallmarks of a post-Brexit moonshot for Europe's wartime economy. Its announced 50-50 merger with France's Eutelsat Communications SA, would create…