FARNBOROUGH, England — Ian Jones leased the dilapidated Goonhilly antenna site from BT in 2011 with the not-obvious idea of making a new business out of it.
In 2014 he purchased the site and its infrastructure to form Goonhilly Earth Station Ltd., upgraded the facility and negotiated an unusual contract using UK government money transferred through the European Space Agency (ESA) for a deep space applications.
His team then set out looking for a wealthy sponsor to underwrite the company’s planned growth. In May, Peter Hargreaves, founder of . . .
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