The startup will reach a valuation of around 1.1 billion pounds, and SoftBank is "very interested" in buying a stake.
SoftBank's appetite for high risk investments remains undimnished.
300 million dollars is already in the bag. The remaining 2.7 billion dollars is on the way from the Vision Fund.
2015 was an inflection year for the kind of investments Middle Eastern (ME) princes of the deserts made. In fact this article discusses close to 50 billion dollars of investment plans since 2015.