Google could be investing a substantial sum of money into SpaceX

Many companies have become increasingly interested in space these past few years, especially Google. However, few companies have managed to match the achievements of SpaceX, a startup that has been responsible for some of the most impressive accomplishments in the private space industry. Apparently Google was impressed as well, because the company is reportedly looking to invest a massive amount of money into the company. 

SpaceX has gone where most startups never have: To space. And it looks like Google may well want in on the excitement. According to a report this morning from The Information (subscription required), Google is close to putting a substantial investment into Elon Musk’s rocket company at a valuation above $10 billion. The report cited several people close to the talks as its source. “The purpose of a deal, which is still in the works,” The Information wrote, “is to support the development of SpaceX satellites that could beam low-cost Internet around the globe to billions who don’t have it.” That plan jibes with a concept Musk unveiled on Friday: plans to deploy satellites that could connect millions of people around the world with a low-cost Internet.

Categorized as Google, Space

By Lorie Wimble

Lorie is the "Liberal Voice" of Conservative Haven, a political blog, and has 2 astounding children. Find her on Google+ and Twitter.

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