Friday, March 27, 2020

OneWeb files for bankruptcy after failing to secure new funding amid COVID-19 crisis; sources: OneWeb was in talks to raise ~$2B from SoftBank before the crisis (Financial Times)

Financial Times:
OneWeb files for bankruptcy after failing to secure new funding amid COVID-19 crisis; sources: OneWeb was in talks to raise ~$2B from SoftBank before the crisis  —  Start-up that wanted to beam broadband internet from space had raised $3bn from investors  —  OneWeb, the satellite internet start-up …



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Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)

Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...