Tuesday, January 20, 2015

Google Considers $1 Billion SpaceX Investment For Satellite Internet

The funding would allow SpaceX to use its cheap, scrappy fleet of rockets to efficiently deploy a fleet of Internet-beaming satellites.

Google is "close to investing" $1 billion in SpaceX to support the rocket maker in launching a fleet of small Internet-beaming satellites, according to The Information. SpaceX has been touting a fleet of possibly up to 700 small, sub-250-pound satellites since last November.

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