trending Market Intelligence /marketintelligence/en/news-insights/trending/NL7wz0jpw1uBSz8SF1JQMQ2 content esgSubNav
In This List

Report: Satellite startup OneWeb getting SoftBank as backer

Podcast

Next in Tech | Episode 109 Dealing with uncertainty in risk modeling

Blog

Perspectivas América Latina 2023 Emerging Trends & Growth

Blog

Insight Weekly: SVB fallout limited; US rents up; renewable natural gas investments flow in

Podcast

Next in Tech | Episode 108 - Mobile World Congress and the metaverse


Report: Satellite startup OneWeb getting SoftBank as backer

SoftBank Group Corp. will invest ¥100 billion in U.S.-based satellite startup OneWeb Ltd., Jiji Press reported Dec. 18, citing people familiar with the matter.

OneWeb reportedly plans to establish a high-speed global telecommunications network by launching more than 600 small satellites into low orbit.

The move is part of SoftBank's strategy to expand its footprint overseas, according to the sources.

The Japanese tech giant recently pledged to invest $50 billion in U.S. startups.

As of Dec. 16, US$1 was equivalent to ¥118.32.