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A deal between the two companies would follow other consolidation in the sector, prompted by the high capital outlays required to build satellites and send them to space.
Roscosmos lost almost 80 percent of its export income after losing orders and key partners due to the war in Ukraine.
Son overrode his lieutenants objections and handed WeWork founder Adam Neumann billions of dollars from both SoftBank Group Corp. and the Vision Fund, lifting the co-working office spaces valuation to an astronomical $47 billion in early 2019. Just months later, investors balked at the deep losses and conflicts of interest WeWorks IPO filings revealed.
(Bloomberg) -- WeWork Inc.’s bankruptcy filing caps a years-long saga that revealed breathtaking flaws in the investment style of Japanese billionaire Masayoshi Son, damaging his professional reputation far beyond the money he lost.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Trump's Wealth Has Jumped $500 Million Since He Left the White HouseWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtApple Delays Work on Next Year’s iPhone, Mac Softwar
WeWork Inc.'s bankruptcy filing exposes flaws in Masayoshi Son's investment style, damaging his reputation as a shrewd investor.