Google Could Invest $1B in SpaceX for Satellites - NBC Southern California
Press Here

Google Could Invest $1B in SpaceX for Satellites



    5 Falltacular Ways to Connect With Your Family
    U. Baumgarten via Getty Images
    Google has published its annual list of most popular searches for 2014, revealing the biggest news stories and trends that have captured the public's interest in the past year.

    Google is in talks to invest $1 billion in SpaceX to gain satellites that will give cheap Internet access to the developing world, according to reports.

    SpaceX, which was founded and run by Elon Musk, creates and launches spacecraft and recently acquired a $1.6 billion NASA contract for cargo missions to the International Space Station, PCWorld reported. Musk announced in November that SpaceX was working on developing "micro-satellites" to provide Internet access.

    The $1 billion investment by Google would make SpaceX valued at more than $10 billion, the Wall Street Journal reported, citing an unnamed source.

    Google has previously invested in balloons providing Internet access dubbed Project Loon and seems to still be committed to that project. It also bought Titan Aerospace which created solar-powered drones in April. So this won't be Google's first aerospace investment, but it seems Project Loon hasn't been as successful as Google hoped if it's already planning another venture to bring Internet access to the developing world.