Google Wants to Own Part of Virgin Galactic
Another purchase is in the works for Google!
Reported by Skynews, Google is in talks to own part of Virgin Galactic, the space flight company founded by Sir Richard Branson. If this is true, owning part of Galactic will give Google easier access to launch satellites and provide internet to locations that have yet to be connected. The bid is set at $30 million.
With Google recently acquiring Titan Aerospace, this deal would be beneficial on both sides. Google will have a new way to launch its satellites and the money could help Galactic take itself to the next level as well as being able to compete effectively with other space tourism companies in the industry. Galactic maintains the LauncherOne, a rocket that launches and is capable of releasing cargo into space, this including satellites.
The investment by Google would leave Galactic valued at $2 billion. It would also give way to a joint venture between the companies.
According to reports, the two have been meeting for months regarding this deal. It seems that both are more than happy to move forward at this point and sign the dotted line.