Google Seek Investment in Virgin Galactic
Peter Donnell / 4 years ago
It looks like Google are cracking out the their cheque book in style once again this week as they make a break for domination of outer space. Not only did they fork out a whopping $500 million a few days ago to acquire satellite maker Skybox, but now it has been reported that they’re also after a $30 million stake in Virgin Galactic, the Sir Richard Branson founded space flight company.
So why would Google want to invest in Sir Branson’s space company? Well they’ve just bought a satalite maker, now they’re going to need a way to launch them into space! The two companies could work together, feeding well off of each others innovations, on one hand Virgin Galactic gets a good line of extra funding and on the other, Google gets to launch its constellation of satellites using Virgins LauncherOne module.
Thank you Gigaom for providing us with this information.
Image courtesy of Design Boom.