Google is interested in investing in Elon Musks SpaceX. The Informations Jessica Lessin reports, 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 dont have it. A source close to the alleged deal says Google has agreed to value SpaceX north of $10 billion. In 2010, the privately-funded space company became the first private company to put a spacecraft in orbit then successfully return it to Earth. SpaceX has made a ton of progress in developing private spaceflight in less than a decade, and its long-term plans are mainly focused around developing reusable rockets and capsules that will ultimately drive down the cost of space travel. Now Musk tells Bloomberg Businessweek that his Space Internet venture could one day stretch all the way to Mars. It will be important for Mars to have a global communications network as well, he explains in the interview. I think this needs to be done, and I dont see anyone else doing it. Recently, SpaceX launched and landed a reusable rocket, but the rocket crash-landed on the target set up in the ocean.
Posted on: Wed, 21 Jan 2015 04:15:09 +0000
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