Loon Receives SoftBank Investment

hapsLoon, the internet balloon company, has received a $125 million investment from HAPSMobile, an affiliate of SoftBank. HAPSMobile is developing stratospheric drones to be used as internet platforms. The drones, with a wingspan of 78 meters, plan to fly at altitude of 20 kilometers for six months at a time.

HAPSMobile and Loon seek to use compatible (or identical) communications equipment on their respective platforms. They also plan to coordinate on ground system equipment, as well as joint policy efforts with governments to allow balloon and drone communications platforms.

The two companies may also coordinate with OneWeb, the low earth orbit satellite company. In theory satellites could communicate with balloons or drones, which in turn can communications directly with consumers, obviating the need for specialized consumer antennas. OneWeb is in part funded by SoftBank.

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