ALL companies who attempted to launch massive satellite constellations ran out of money, often pushed by financial markets around the dotcom bubble bursting.

Many of them ended up being salvaged afterward and many are still operating today (some at a profit) after going through bankruptcy: ORBCOMM, Iridium, Globalstar. All three have launched second generation satellite constellations. Bankruptcy doesn't have to mean society loses their value.

I'm as big of a SpaceX fan as anyone, but I hope we manage to salvage OneWeb out of bankruptcy and get at least the minimal constellation up somehow. Maybe they'll be able to switch to cheaper reusable launch providers like SpaceX or New Glenn as part of the bankruptcy.