OneWeb plans to launch hundreds of satellites to provide Internet access services to rural and developing countries. In the last round of financing, the company valuation of $2 billion 500 million, Japan’s Softbank Group invested $1 billion.
OneWeb announced on Monday that the company’s existing investors have invested $200 million in the latest round of financing. The new funding to ensure that OneWeb can "fire", in the next ten years can be built and launched more than 640 satellites. The goal of the company is to provide Internet access services quickly through space connection, the American city and rural area navigation family can quickly and make navigation, schools can use the Internet fast developing countries.
Softbank group, OneWeb company and the mobile communication company and Japan Telecom and Internet Group established technology companies combined to produce a synergistic effect.
Softbank Group CEO Sun Zhengyi said in an interview: "OneWeb, we have cooperation with many key strategic investment portfolio company."
OneWeb had previously announced a joint venture with Airbus group SE company, to build a highly automated manufacturing plant in Florida, in order to make satellite module production faster than ever before, it has low cost, is expected to cost less than $1 million per satellite. The core idea is to change the existing industry production model by introducing a manufacturing process similar to that currently used in medical equipment or aircraft equipment, instead of time-consuming and customized manual assembly satellites.
Softbank group said that this investment will create about 3000 engineering and manufacturing enterprises for the United States, and can promote employment. This summer, Sun Zhengyi bought the ARM holdings, a British chip maker, for most of the world’s smartphone chips for $32 billion.
months later, Softbank group said it would build a $100 billion investment fund with Saudi Arabia sovereign wealth fund and other partners, Mr. Sun Zhengyi said that the future will be advanced technology to promote the Softbank group, including the day of artificial intelligence to connect to the Internet, intelligent robot and networking.
Sun Zhengyi said, OneWeb provides a fast, wide coverage of the connection will support these technologies to apply more smoothly.
at the beginning of the month, with President elect Donald · trump will talk about later, Mr. Sun Zhengyi said he plans to temporarily named from Softbank vision fund at $100 billion, $50 billion investment to U.S. startups. He also said he intends to spend more time on investment, he said his goal is to become a science and technology circles Buffett.
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