SoftBank puts $1bn in firm launching 648 internet satellites
In its first US investment after SoftBank's CEO Masayoshi Son met US President-elect Donald Trump, the Japanese conglomerate has invested $1 billion in US-based satellite startup OneWeb. The startup plans to launch a constellation of 648 satellites in 2018 to provide internet across the world. The investment is expected to create 3,000 new jobs in the US over four years.