Could be a boiler room stock issue, then they go bankrupt, or they could be looking to get some ruling to force Starlink to let them use their equipment because Starlink is a "monopoly".
OneWeb is UK-based.
Stocks are issued in the UK. Their government is very open to the bitchings of "this foreign company is stealing profits from us, a UK company that we just setup, because they don't have to pay our loicenses. Please, give us tax payer money so we can compete and go public. Please, make them pay us royalties for providing a service to people in our country that we are incapable of providing".
akshually... they still use loicenses for protectionism: https://telecom.economictimes.indiatimes.com/news/elon-musks-satellite-plan-hits-a-bump-in-india-broadband-body-writes-to-trai-isro-says-co-has-no-licence/81813736
Of course, Starlink has spectrum licensing issues where OneWeb is planning to provide service.
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