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Report: Google to invest in SpaceX to bring cheap Internet to all

According to new reports, Google is close to investing in Elon Musk's rocket and satellite company SpaceX.

Google, in their investment, would value the company at over $10 billion, and the company's expected investment is said to be ten figures.



Why does Google want to invest in SpaceX? The Information's Jessica Lessin says: "The purpose of a deal, which is still in the works, is to support the development of SpaceX satellites that could beam low-cost Internet around the globe to billions who don't have it."

Musk recently announced a grand plan to have the Internet in space, all the way to Mars. Said Musk: "It will be important for Mars to have a global communications network as well. I think this needs to be done, and I don't see anyone else doing it."

Source:
BI via Information

Written by: Andre Yoskowitz @ 19 Jan 2015 19:13

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• 5 comments

• jemaric

  really
  

  20.1.2015 22:35 #1

• oneguy

  I wonder if spaceX becomes a faster and more reliable wifi link from earth to mars does this mean he'd charge NASA if they also later see a need to use it instead of spending more money building their own for such a purpose?

  21.1.2015 16:23 #2

• bhetrick

  Originally posted by jemaric: really Nope, just kidding.
  

  21.1.2015 16:29 #3

• MagengarZ

  I can see it now... torrent sites with galactic server
  domain names ending with .mars.
  We may as well start thinking about all the other planets
  while we're at it.
  .mars; .venus; .earth; .mercury; etc... lmao XD

  22.1.2015 01:29 #4

• DXR88

  Originally posted by MagengarZ: I can see it now... torrent sites with galactic server
  domain names ending with .mars.
  We may as well start thinking about all the other planets
  while we're at it.
  .mars; .venus; .earth; .mercury; etc... lmao XD the pirate bay.plu, because while we can now travel intergalactic having a domain name abbreviated with more than 3 letters would melt the internet.

  22.1.2015 02:44 #5