OneWeb runs a constellation of satellites which is designed to enable access to broadband speed internet connectivity anywhere on the planet.
The UK government bought a stake in OneWeb in 2020 after the latter entered bankruptcy after failing to raise the requisite capital to complete the build and deployment of the remaining 90 per cent of the network.
French satellite operator Eutelsat already owns around 23 per cent of OneWeb and proposed a potential merger of the two firms last year when OneWeb was valued at around $3.4bn.
According to The Times, Sunil Bharti Mittal, the executive chairman of OneWeb, said that a secondary listing on the LSE was a commitment negotiated by ministers in a bid to boost the domestic space and tech sector.
“The benefit is that you have a varied investor base to address to, but this is more a requirement of the UK while we were negotiating with Eutelsat to have a listing here because in the end every state wants to have...