Monday 8 January 2018

Nikkei Asian Review/Takashi Sugimoto: SoftBank's $1bn lights fire under satellite constellation


Nikkei Asian Review

    Log in Subscribe About Nikkei Asian Review

search
search

    Home
    Spotlight
    Politics & Economy
    Business
    Markets
    Tech & Science
    Viewpoints
    Life & Arts
    Features
    Regions

    Business Companies

    Facebook Twitter LinkedIn Google+ Mail Save

January 7, 2018 3:38 pm JST
SoftBank's $1bn lights fire under satellite constellation

Son changes tack and targets startups, like OneWeb, in later stages

TAKASHI SUGIMOTO, Nikkei staff writer

Earth as seen from the International Space Station: OneWeb's satellites will be orbiting three times higher. © Reuters

TOKYO -- Inside Airbus' plant in the south of France, workers dressed in cleanroom suits are piecing together satellites by hand. The installation of each part represents a small step toward a giant communications leap -- a prospect that has attracted some of the biggest stars in business, from Richard Branson to SoftBank Group Chairman and CEO Masayoshi Son.

Masayoshi Son, chairman and CEO of SoftBank

OneWeb, a U.S. startup founded by big dreamer Greg Wyler, plans to test-launch 10 of the satellites from French Guiana in March. If the testing goes well, the company intends to launch more over the course of two years at a pace of 36 satellites every 21 days. This will blanket Earth with a constellation of 720 -- 900 if you count reserve units.

Coupled with ground stations, this should make the internet accessible from any spot on the planet.

A $1 billion investment from Son's SoftBank Vision Fund is helping to pay for the ambitious endeavor. When Son and Wyler first met in September 2016, the latter quickly recognized that Son was a long-term thinker who understood the true significance of the satellite project.

Son asked simple, practical questions, Wyler recalled: How quickly could the project get off the ground? How would communications performance be upgraded? Son also touched on the obvious link between OneWeb's satellites and the rise of the internet of things -- the growing array of net-connected devices.

Wyler told Son about his plan to boost communications capacity by 100 to 200 terabits per year.

"He recognized very quickly that most of the world was without internet and the demand for internet access from people would far surpass the capacity we could bring," Wyler told The Nikkei about his discussion with Son. "He saw the OneWeb could help with IoT both in cities and in the developed world. And just as important, or more important, in the developing world where IoT will have a large impact on farming and smart city development."

Son subsequently agreed to serve up the $1 billion from his 10 trillion yen ($88.8 billion) Vision Fund. Thanks to the investment, the Arlington, Virginia-based OneWeb has already launched another project to build a factory in Florida, where it aims to make satellites for sale to other companies, Wyler said.

Epiphany under the stars

OneWeb has rocketed to relevance since Wyler resolved to bridge the digital divide while gazing up at a starry Rwandan sky.

    1
    2
    Next >

Last >>

    Facebook Twitter LinkedIn Google+ Mail Save

Related companies

SoftBank Group Corp.   
Get Insights on Asia In Your Inbox
Register
About newsletters
More in Companies

    Interview: Taiwanese chipmaker UMC cuts spending to improve profit
    Honda group's Yachiyo boosting production in China
    Travel agency eyes a more foreigner-friendly Himeji Castle


You might also like

    Japan says Thai bullet train to cost nearly $13bn Japan says Thai bullet train to cost nearly $13bn
    North Korean defector describes horrors following Chinese repatriation North Korean defector describes horrors following Chinese repatriation
    China up close: Why Chinese province is warning citizens of nuclear war China up close: Why Chinese province is warning citizens of nuclear war
    Japan to open path to work visas for foreign nursing trainees Japan to open path to work visas for foreign nursing trainees
    Management and meditation: Asian business schools break US mold Management and meditation: Asian business schools break US mold
    Travel agency eyes a more foreigner-friendly Himeji Castle Travel agency eyes a more foreigner-friendly Himeji Castle

Recommended by
Follow Nikkei Asian Review

    The best content posted
    The latest headlines tweeted

Asia300 Companies to watch
Nikkei Asia300 Index
1,466.04     +5.97    +0.41%

    Interview: Taiwanese chipmaker UMC cuts spending to improve profit

    [Taiwan]
    SoftBank's $1bn lights fire under satellite constellation
    Office sharing spreads in Southeast Asia on back of startups' rise

    [China/Hong Kong] [Vietnam] ...
    Mobile payments surge in China as services go cashless

    [China/Hong Kong]

more news and indexes
About Asia300
Editor's picks

    Interview: Taiwanese chipmaker UMC cuts spending to improve profit

    Japan succession crisis could rip links out of auto supply chain

    SoftBank's $1bn lights fire under satellite constellation

    China's success at propping up yuan lifts forex reserves as well

    Can the Thai economy ever be Southeast Asia's front-runner again?

Print Edition

    Cover story: 'Social enterprises' rise in Asia amid skepticism
    Asia's 'impact investors' favor social investment over charity

See all issues
Most read

    SoftBank's $1bn lights fire under satellite constellation
    Canon plans $3.5bn buying spree in medical and security ops
    Ian Bremmer: China fills the vacuum
    China sidelining US in Asia with growing economic clout
    Japan plays catch-up with world leader China in green bonds

Videos

    Olam's tech reshaping cacao farming

    Dining out in Tokyo with Taiwan's biggest Japanese star

    Kyoto townhouses turned into tourist homes

more
Nikkei Asian Review

    Facebook Twitter LinkedIn Google+ YouTube RSS

    App store google play

    About Nikkei Asian Review Site map Help Contact us Terms of use Copyright Privacy & cookie policy Advertising Announcements

Nikkei Inc. No reproduction without permission.

    Japanese Chinese

    Mobile site

No comments: