The company also alluded to job cuts with references to “remaining employees,” but didn’t say how many people were losing jobs.

This isn’t the end for OneWeb; Chapter 11 is usually used to regroup and get a second chance at life. However, the company clearly in a much more fragile position than it was even a few weeks ago. It has launched 74 satellites so far, but it’s unclear how many more you’ll see if the company doesn’t find a buyer relatively quickly.