When I DIP, you DIP, we DIP. The crunch in global travel is having a major effect on space telecom firms, who count cruise ships and airlines as major customers. OneWeb has already entered bankruptcy after it became clear it wouldn't be able to raise sufficient funds to finish building out its satellite network. Its main backer, SoftBank, is now extending a debtor-in-possession (DIP) loan to see through the sale of the firm's primary asset, the rights to use certain radio spectrum around the world. Intelsat, a more established player, is reportedly looking to take a DIP loan of $750 million as it examines bankruptcy. Intelsat's situation is different from OneWeb; rather than trying to launch a new constellation, it is a " zombie firm " waiting to receive a payout from the US government, which is reallocating certain wavelengths away from satellite firms later this year. The two firms nearly merged in 2017.