Posted by : Unknown
Monday, 23 June 2014
Google has acquired Skybox
Imaging, a company that captures high-resolution imagery with
satellites, for $500 million in cash. At least initially, it sounds like
Skybox's technology will be used to bring fresh satellite photos to
Google Maps and Google Earth. "Their satellites will help keep our maps
accurate with up-to-date imagery," Google told Recode
in a statement. "Over time, we also hope that Skybox’s team and
technology will be able to help improve Internet access and disaster
relief — areas Google has long been interested in." Google has spent
significant cash to snatch up drone and satellite companies for its
future plans. In April, it purchased Titan Aerospace, a drone maker that Facebook had reportedly been eyeing for its own internet delivery ambitions. The Information first reported Google's interest in both companies.
After buying Titan, Google said
"atmospheric satellites could help bring internet access to millions of
people, and help solve other problems, including disaster relief and
environmental damage like deforestation." Eventually it may repurpose
Skybox's satellites for a similar purpose. Google has already outlined
plans to deliver internet service to the far reaches of Earth with its
"moonshot" Project Loon, which uses balloons to beam down web
connectivity in remote areas. Presumably it's simultaneously working on
an expanded, even grander vision that these acquisitions fit into, but
only Larry Page and co. know for sure.
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- Google Acquires Satellite Maker Skybox For $500 Million