Google Reportedly Looking To Invest In Virgin Galactic

Google’s plans to acquire more satellites is not a new one. A couple of months ago, the company picked up Titan Aerospace, and just last week there were rumors that Google could be planning to spend as much as a billion dollars investing in satellites. Then just a couple of days ago, it was announced that Google had acquired another satellite imaging company in the form of Skybox.

However it looks like there will be no slowing down of Google’s momentum because according to a report from Sky News, it seems like Google could be planning on investing hundreds of millions of dollars into Virgin Galactic in a bid to gain access to satellite launch technology, along with an equity stake in the company. The deal is reportedly close to being finalized and has been in the works over the past few months.

The deal will give Google access to Virgin Galactic’s technology and will also give Google a small take in the space tourism enterprise, which should be an interesting venture for Google. Sky News notes that the terms of the deal are subject to change as it has yet to be finalized, so there is a chance that this could be a different story when it has been made official.

For those wondering why Google has an interest in satellites, it is because it is part of Google’s larger plan which is to bring internet to all corners of the world. As it stands due to infrastructure, not everywhere in the world can one gain access to internet. Rural areas are an example, but with Google’s project, these rural areas could soon gain access to the internet. While it does sound like philanthropy on Google’s part, it’s not entirely so because the more users who have internet, the more potential customers Google has.

Tyler Lee
Categories: General
Tags: Google, Imaging Week