Dear readers and followers,
The Montain View firm continue to develop its interest for space companies. After the purchase of Skybox Imaging few days ago, the search giant is in talks about a deal to take a stake in Sir Richard Branson's space tourism venture. Negotiations between the two companies have been taking place for months, and are said to be at an advanced stage.
The deal could be reputationally valuable for Virgin Galactic, which has had to defend itself against frequent suggestions that problems with its development will curb its viability.
The talks are likely to lead to a deal with two main elements, according to insiders:
The first will see Google inject hundreds of millions of dollars into a joint venture, with Virgin Galactic folding in the technology it has developed as part of its efforts to build the world’s first space tourism business. The second component will involve Google spending roughly 30 M$ in return for a small stake in the Virgin Galactic holding company.
The company has insisted that flights should begin this year, although there is no firm date, while rivals such as Elon Musk, the billionaire businessman, are developing competing projects. Celebrities including Ashton Kutcher, Katy Perry and Sir Richard himself are said to have paid $200,000 to secure seats on the venture’s inaugural flights.