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Skylo slips from stealth for Sat-NB, is SoftBank seal a death sentence?

Skylo has emerged from stealth mode, announcing a $116mn war chest of investment to pursue its plan to build a global Cat-NB network using existing satellite infrastructure. However, its $103mn Series B round was led by SoftBank, a company that has severely whiffed on several recent investments, and a superstitious investor might think SoftBank’s seal of approval is more a sign of a looming death spiral. Pragmatists will argue that Skylo already has the cash, and even if SoftBank’s investors start tightening its purse strings, Skylo isn’t beholden to them and can spend this $116mn on its LPWAN plans. However, if the cash is being provided in chunks, and not one big cheque, then Skylo does need to pay attention…

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