Google to launch satellites on Virgin Galactic?
June 13, 2014
By Chris Forrester
Sky News is reporting that Google is in talks to take a stake in Sir Richard Branson’s Virgin Galactic space rocket venture.
Recently it emerged that Google is developing plans to launch between 180 and 360 of its own Low Earth Orbiting satellites to reach those parts of the planet under-served by broadband.
A stake in Virgin Galactic could give Google access to satellite-launch technology as it looks to extend internet access to people worldwide.
According to insiders, Sky News says the talks are at an advanced stage and will likely result in a deal with two main elements. The first will see Google invest hundreds of millions of dollars into a JV, with Virgin Galactic folding in the technology it has developed. The second part would see Google invest around $30 million for a small stake in the Virgin Galactic holding company.