SoftBank is letting internet satellite company OneWeb file for bankruptcy, a sign Masayoshi Son has learned lessons from WeWork www.cnbc.com

SoftBank has decided to let satellite internet provider OneWeb file for bankruptcy Friday rather than pump billions of dollars into the start-up to save it, according to people familiar with the matter.
OneWeb plans to file for Chapter 11 bankruptcy on Friday when markets close in New York at 4 p.m.
OneWeb was in the early stages of launching its own global satellite internet constellation, which would have competed directly with the network SpaceX is building called Starlink.
"We're constantly raising capital," Steckel said, just after the company's second launch.
The Financial Times first reported that OneWeb would file for bankruptcy.