Market Chatter: SoftBank Group Invests in Stratospheric Balloon Startup Sceye

MT Newswires Live

Jun 26

SoftBank Group (TYO:9984) has invested $15 million in Sceye, a startup developing bullet-shaped helium balloons designed to float in the stratosphere, Bloomberg News reported Thursday, citing a top official.

The publication, citing CEO Mikkel Vestergaard Frandsen, who anticipates SoftBank will be a crucial strategic partner for the company's future endeavors.

These high-altitude platform stations, measuring 214 feet long, are built to monitor climate data and provide connectivity in remote areas, said the news wire.

Sceye's zeppelin-like airships, equipped with specialized cameras and radars, can hover for months, capturing real-time data on environmental events like wildfires and greenhouse gases, and delivering wireless service during disasters, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4132","symbol_name":"无线电信业务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2546202052","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546202052","pubTimestamp":1750900077,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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