Category Archives: Business News

Alphabet’s Loon and SoftBank’s HAPSMobile Join Forces

SoftBank Corp.’s HAPSMobile and Alphabet’s Loon have formed a long-term strategic relationship to advance the use of high altitude vehicles, such as balloons and unmanned aircraft systems (UAS), to bring connectivity to more people, places, and things worldwide. As part of the new relationship and HAPSMobile’s financial and investment strategy, HAPSMobile has made a decision to invest $125 million USD in Loon. Continue reading