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SoftBank Group Corp. (SFTBY)

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31.91-0.83 (-2.54%)
At close: 3:59PM EDT
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  • Bloomberg

    U.K. Proposes Tighter Rules to Control Musk, OneWeb Satellites

    (Bloomberg) -- The U.K. has drawn up rules to prevent chaotic signal interference as entrepreneurs race to launch thousands of broadband-emitting spacecraft into orbit.Elon Musk’s Space Exploration Technologies Corp. and OneWeb Ltd. are rapidly launching satellites in an attempt to blanket Earth with high-speed internet, with others like Inc. close behind.But British watchdog Ofcom warned Monday that it’s concerned these so-called satellite constellations will block each other’s signa

  • SoftBank Backs Dog DNA Startup Embark at $700 Million Valuation

    SoftBank Backs Dog DNA Startup Embark at $700 Million Valuation

    (Bloomberg) -- Softbank Group Corp.’s Vision Fund 2 led a $75 million funding round for Embark Veterinary Inc., a genetics startup that seeks to increase dog lifespans.The transaction values the Boston-based company at $700 million, Embark Chief Executive Officer Ryan Boyko said in an interview.“We give pet owners and breeders tools to create the best future for their dogs and want to be able to expand our audience,” Boyko said, noting that Embark plans to use the proceeds for hiring and product

  • China to Overhaul Education Sector ‘Hijacked by Capital’

    China to Overhaul Education Sector ‘Hijacked by Capital’

    (Bloomberg) -- China announced a broad set of reforms for private education companies, seeking to decrease workloads for students and overhaul a sector it says has been “hijacked by capital.”The new regulations, released over the weekend, ban companies that teach school curriculums from making profits, raising capital or going public. They can no longer offer tutoring related to the school syllabus on weekends or during vacations. They also can’t give online or academic classes to children under