Google wants to fly into space with Virgin Galactic

by bold-lichterman

Google would have its head in the stars and would be in discussions with Richard Branson to buy shares in Virgin Galactic, according to the British news channel Sky News. More down to earth, the Mountain View firm would especially like to get its hands on the company’s satellite launch technology, and accelerate its development thereafter with more substantial means. The operation would be in the order of 17.5 million pounds, or 21 million euros, for 1.5% of the capital, which would value the entity at more than 1.2 billion dollars.

At the beginning of June, we already learned that Google would like deploy 180 satellites around the world to connect to the Internet poorly served or underserved regions, and thus complete its Project Loon which aims to connect regions to the Internet by means of high altitude balloons. A project on which the firm is in competition with Facebook. Four days ago, Google confirmed the acquisition of Skybox Imaging, a Californian firm specializing in the manufacture of high-resolution imaging microsatellites, for $ 500 million.

Founded in 2004 by Richard Branson, Virgin Galactic offers orbital flights for “tourists”. These are marketed for 250,000 dollars each.

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