Posted by: crudbasher | January 20, 2015

Update: Google Might Invest In SpaceX’s Satellite Internet

Update to this update: Google did invest in the venture.

I wrote about this yesterday. Elon Musk is starting a new endeavor to create a constellation of satellites to deliver global Internet access. It’s very ambitious and will require a lot of funding to make it work.

Well here’s a possible funder. H/T Arstechnica

The Information reported on Monday that, according to “several people familiar with the talks,” Google is considering investing in SpaceX to support its plan to deliver hundreds or thousands of micro satellites into a low (750 mile) orbit around the globe to serve Internet to rural and developing areas of the world. The Information’s sources indicated that Google was in the “final stages” of investing in SpaceX and valued the company at “north of $10 billion.” SpaceX is apparently courting other investors as well.

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