Andre Yoskowitz
19 Jan 2015 19:13
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