Facebook is working on launching Athena, its own Internet satellite, early in 2019.
The system proposed by privately held SpaceX, as Space Exploration Holdings is known, will use 4,425 satellites, the FCC said.
SoftBank will invest $1 billion in Satellite Venture OneWeb as part of the $50 billion pledge to USA
SoftBank Group Corp has agreed to invest $1 billion in U.S. satellite venture OneWeb Ltd, marking the first tranche of a $50 billion U.S. investment the Japanese telecoms and technology company's founder Masayoshi Son pledged to President-elect Donald Trump.
Privately owned OneWeb announced what it called the world's largest commercial rocket deal on Thursday after raising $500 million from a group of global investors to support its plans to bring broadband to billions of people via satellite.
The OneWeb mission is like the Facebook-led Internet.org initiative which states that it aims to bring 5 billion people online in partnership with tech giants like Smasung and Qualcomm.
A firm backed by Virgin and Qualcomm is planning to launch the world's largest-ever satellite network to provide high-speed Internet access around the world.