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A scale model of an Airbus OneWeb satellite and its solar panel are pictured as Airbus announces annual results in Blagnac, near Toulouse, France February 14, 2019. REUTERS/Regis Duvignau
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REVERSE THRUST. Masayoshi Son’s vast investment universe is spreading to past flops. The SoftBank chief executive is pouring cash into OneWeb, the satellite startup which he pushed into bankruptcy last year after pulling the plug on a funding package. The British government and Indian telco Bharti Global subsequently bought it out of Chapter 11 for $1 billion. OneWeb now claims $1.4 billion of funding, including $50 million from America’s Hughes Network Systems, which implies SoftBank is putting in $350 million.