Google To Acquire Satellite Maker SkyBox Imaging For $500 Million
📅 - (The Hosting New) – Google announced on Tuesday plans to purchase satellite company, Skybox Imaging, a move that helps the tech giant further its vision of widespread Internet access.
This $500 million acquisition will help to ensure the accuracy and quality of the satellite imagery used in Google Maps, as well as keeping it up to date, says the tech giant.
“Skybox and Google share more than just a zip code. We both believe in making information (especially accurate geospatial information) accessible and useful. And to do this, we're both willing to tackle problems head on — whether it's building cars that drive themselves or designing our own satellites from scratch,” says a blog post from Skybox.
Google hopes that eventually “Skybox's team and technology will be able to help improve Internet access and disaster relief — areas Google has long been interested in.”
Earlier this month reports surfaced claiming that Google is planning on spending more than $1 billion on projects that offer Internet access to those in remote areas of the world.
“Internet connectivity significantly improves people's lives. Yet two thirds of the world have no access at all,” said a Google spokeswoman.
According to the Wall Street Journal, the project will begin with 180 “small, high capacity satellites” that orbit the earth at low altitudes through its Project Loon initiative.
This $500 million acquisition will help to ensure the accuracy and quality of the satellite imagery used in Google Maps, as well as keeping it up to date, says the tech giant.
“Skybox and Google share more than just a zip code. We both believe in making information (especially accurate geospatial information) accessible and useful. And to do this, we're both willing to tackle problems head on — whether it's building cars that drive themselves or designing our own satellites from scratch,” says a blog post from Skybox.
Google hopes that eventually “Skybox's team and technology will be able to help improve Internet access and disaster relief — areas Google has long been interested in.”
Earlier this month reports surfaced claiming that Google is planning on spending more than $1 billion on projects that offer Internet access to those in remote areas of the world.
“Internet connectivity significantly improves people's lives. Yet two thirds of the world have no access at all,” said a Google spokeswoman.
According to the Wall Street Journal, the project will begin with 180 “small, high capacity satellites” that orbit the earth at low altitudes through its Project Loon initiative.
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