Skybox purchased by Google for $500 million

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Skybox purchased by Google for $500 millionGoogle is diving even further into the business of satellites with its latest acquisition of Skybox Imaging. Google has purchased the satellite imagery company for $500 million and while it will initially use the acquired technologies for projects like Google Earth, Google has already stated that its use for the satellites extends to internet expansion projects. When it was first reported that Google was considering an acquisition of Skybox, many pointed out that the satellites would be perfect for Google Loon and it turns out that they were correct.

“Their satellites will help keep our maps accurate with up-to-date imagery,” Google told Recode. “Over time, we also hope that Skybox’s team and technology will be able to help improve Internet access and disaster relief — areas Google has long been interested in.”

Google purchased Titan Aerospace for a similar reason in April. Titan’s drone technology will be used for internet expansion projects as well even though that isn’t what Titan’s own projects were geared towards. With hundreds of millions now being poured into internet expansion, it is clear that bringing wireless connections to people around the world is something very important to Google. Other companies, including Facebook, are also working on similar projects according to some reports.

Via [The Verge]

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