Google reportedly in talks to invest into Virgin Galactic
We’ve known for a while about Google’s plans to bring the web to remote parts of the through efforts like Project Loon. This effort includes the plans to bring internet through the use of low-earth orbit satellites.
As you can imagine, all of this is easier said than done. In order to further its efforts, a new report from Sky News claims that Google is getting ready to invest in Virgin Galactic. Yes, that’s the company working towards making commercial spaceflight more accessible for folks.
No, Google isn’t necessarily interested in space tourism or setting up ads on the moon. The plan is for Google to invest hundreds of millions into a joint venture with Virgin. The joint venture will basically help both companies further their efforts, and will give Google access to technologies that could be used for its satellite launching plans.
In addition to forming a joint venture, Google will reportedly invest $30 million into Virgin Galactic holding company directly, giving it a small stake in the company’s commercial space efforts.
Neither Google or Virgin Galactic have confirmed or denied the talks of a possible alliance, though we wouldn’t be too surprised if the reports prove accurate. After all, this isn’t the first time Google has turned its attention towards space-related companies, such as its recent $500 million acquisition of satellite imagining specialist Skybox.