Google Discussing Possible Investment In Satellite Investment With SpaceX

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Google is reportedly in talks with SpaceX over a possibility of investing in Internet service delivery via satellite. Though not yet finalized, the investment deal would value to the SpaceX in access of $10 billion, according to CNET.

Sources close to the deal told The Information that the deal is in excess of $10 billion. According to report, such move is expected to strengthen both companies’ plans at providing affordable Internet access to regions of the world that have low access. No comments have been made by representatives of both companies as at the time this report was being compiled.

High tech companies have been looking for means to provide reliable and affordable Internet access to developing regions, with a view to achieving juicy and attractive user base. Of course, they also hope to achieve this without investing much in expensive ground-based infrastructure.

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Back in March Facebook said it was considering the possibility of using drones, satellites, and lasers to make Internet accessible to everyone. Google on the other hand, was said to be planning to deploy hundreds of low-Earth orbit satellites.

Evidently, Google’s plan fits perfectly with the plans of Elon Musk, who is the Chief Executive Officer of SpaceX; a company that specializes in delivering supplies to astronauts at the International Space Station and deploying commercial satellites. Back in November, Musk revealed that SpaceX was working on constructing and deploying a fleet of state of the art satellites that would provide low-cost Internet access around the globe.

The SpaceX network would take at least five years to develop and would gulp about $10 billion. It is expected to comprise about 4,000 satellites orbiting about 750 miles above earth, said Musk. While speaking to Bloomberg last week, Musk said he sees the network as a provider of funds to build a Martian city.

“We see it as a long-term revenue source for SpaceX to be able to fund a city on Mars.”

Though, no detail was given on how he plans to make money from the project, Musk mentioned the possibility of selling satellites after the network is completed.

SpaceX was founded in 2003 by Musk, and the company has been developing rockets in order to drive down the cost of space travel, but has actually not been able to raise funds in the last couple of years. The discussion to invest in SpaceX according to The Information is in its final stages.


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Author: Ola Ric

Ola Ric is a professional tech writer. He has written and provided tons of published articles for professionals and private individuals. He is also a social commentator and analyst, with relevant experience in the use of social media services.

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