OneWeb announced that it has received $400 million in an equity round of funding on January 15, 2021. The transaction included participation from new investor SoftBank Group Corp. (TSE:9984) for $350 million and existing investor Hughes Network Systems, LLC for $50 million. The company has raised total funding of $1,400 million till date. As a part of the transaction, SoftBank will gain a seat on the company's board of directors. Post the closing, the SoftBank Group Corp. (TSE:9984) will hold 30% stake in the company.