Google in talks with Virgin Galactic

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.

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Web companies come in the space race

Dear readers and followers,

Web companies such as Google and Facebook from the Silicon Valley ramp up efforts to connect the world to their services, they are increasingly looking to the skies and higher.

At Google, several signs point to satellites. Actually, Previously Google bought drone-maker Titan Aerospace last month and now it's in talks to buy Skybox Imaging, a startup that creates high-resolution satellite images, for $1 billion. 

Moreover, last month, Google hired Brian Holz, who was chief technology officer at O3b Networks, which has launched special satellites to try to broadcast signals that would power new Internet service in developing countries around the world. Google had previously made a financial investment in O3b and one of its employees sits on O3b’s board. The startup’s recently-launched satellites faced technical setbacks this year.

Google also recently hired Dave Bettinger, who had spent 18 years at satellite firm VT iDirect, which supplies high speed broadband and other communications to military services and the oil and gas industry, according to people at Google. VT iDirect also suffered some product delays recently.

The two apparently go hand-in-hand for Google which uses high-resolution satellite images for Google Maps and its business-to-business branch, Earth Enterprise, which creates maps for companies, according to TechCrunch. Previously Google was also looking at other satellite imaging companies such as Planet Labs, but has now zeroed in on the Mountain View, Calif. company.

                                      

Skybox previously raised $70 million in 2012 and was valued around $600 million, but Google's reported $1 billion is making the deal happen, according to an unnamed TechCrunch source.

“A constellation of small imaging satellites, like what we already have in place today with RapidEye or what Skybox may have in the future, would give Google a very reliable, rich content source for imagery analytics and related applications,” Scott Soenen, CTO at another satellite company, BlackBridge, told TechCrunch.

Stay tuned