Google Buys Skybox for $500million
And yet again, Google has shown that it’s ready to shop till it drops!
The US Company has spent a good sum of $500million on the purchase of Skybox Imaging as confirmed by the Google itself on June 10th. Skybox Imaging was founded 5 years ago and is a satellite imaging and analytic company that claims to have manufactured the world’s smallest high-resolution imaging satellite, which collects a range of images and video of the world’s daily goings-on.
The deal has been put on the table but has to be officially closed as certain conditions and details are still in the works. Why did Google just buy this company? Well, Skybox’s technology will enhance the Google Maps by making the images more accurate and up to date. This is the same with Google Earth.
However, the purchase of Skybox may be for a bigger purpose which builds on why Google acquired Titan Aerospace back in April. Titan makes drones that fly at 65,000 feet to beam Internet access to undeserved parts of the world. Google hopes that the purchase of both companies and its technology will be “able to help improve Internet access and disaster relief – areas which Google has been long interested in” as stated by Google. Some of this disaster relief work is under a business division in Google called Earth Enterprise.
Google further said after the buying Titan that, “atmospheric satellites could help bring internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation.” Also, Skybox’s technology may, like Titan play a part in their Project Loon which is the experiment involving high-altitude balloons for Internet access that Google has underway. The project uses balloons to beam down internet connectivity to remote areas.
As can be seen, Google has major plans for a big amount of activities which may just push technology to a standard we have all yet to see before. With the diverse purchases Google has made as well as its future and present plans, everyone is sitting at the edge of their seats to see what Google will be able to achieve especially now with Skybox in its pockets.