Google pledge 1 billion Dollars of Elon Musk
Google will invest with the fund Fidelity 1 billion. Dollars in the company’s aerospace entrepreneur Elon Musk SpaceX, said in. The Wall Street Journal. After the transaction, the purchaser will hold 10% of SpaceX, which assesses the 10 billion. Dollars.
The transaction is the next Google’s investment in space technology. Recently, technology giant pay 500 million. Dollars manufacturer of satellites Skybox Imaging. Has long been rumored that the group will buy a stake in the company and Richard Branson’s space tourism Virgin Galactic.
It is not yet clear what exactly is the purpose of the investment in SpaceX, but it seems to be related to the project of the internet giant to deliver Internet to remote corners of the planet. For example, Skybox cheap satellites used to collect photos and videos in high resolution. Google some time experimenting with high-altitude balloons and buy a company for drones to fly weeks in the stratosphere.
Turn Musk has already announced plans to launch 700 satellites are synchronized with the Earth’s rotation. They will provide global Internet access. Musk told Bloomberg Businessweek, the advantage of this system is that the data will not be diverted through ground stations, and will be transmitted by satellite to satellite, as broadcast to a particular antenna on Earth. Which also means a faster connection. Laser test of NASA from 2013 showed Internet download speeds of the Moon 622 megabits per second, which is 62 faster than the average indicator of US household.
“The light is distributed 40% faster in a vacuum to a fiber optic cable,” said Musk. The plan includes the provision of cheaper Internet not only to isolated and poor areas, but also to Mars. The ambition of the billionaire to build a colony on Mars in the coming decades.
The idea of Musk is its network of satellites to gradually reach 4000 its development will take five years and cost about $ 10 billion. Dollars. Silicon Valley companies could certainly benefit from it. They are trying to expand their consumer base by providing Internet over 3 billion. People who currently have little or no access to the network. The aim is to avoid costly investments in ground infrastructure. Facebook announced before March that it is considering how to use “drones, satellites and lasers to spread a signal to everyone”, while Google wants to place satellites in low Earth orbit. Search Engine develops and Project Loon, which delivers Internet via balloons. Testing of the system began in 2013 in New Zealand and continued in California and Brazil. It is not yet clear how this will affect investment in SpaceX these projects.
With the new investment Google enters the crowded sector, said in. The New York Times. In the last week Virgin Group and chipmaker Qualcomm announced its investment in 648 internet satellite. Meanwhile Planet Labs, which produces small satellites, announced that it has received funding of 95 million. Dollars. “Google needs additional sources of income. The shareholders will be satisfied if the company expand into new areas,” told in. Seattle Times consultant Greg Sterling.
SpaceX made ten days ago, semi-successful attempt to control vertical landing rocket carrier reusable. The first stage of the rocket Falcon-9 had to land on a special platform in the Atlantic Ocean and remain vertical. Because of the shortage of hydraulic fluid in the final phase of landing rocket struck a floating platform in the rough and then fell into the ocean. But experts say almost certainly the next attempt will be successful. Which can make SpaceX the first holder of reusable rockets. According to Musk himself this technology can reduce the cost of removal of cargo space hundredfold.
Musk’s ambitions are extremely expensive and there are still question how his company will provide financial resources to implement them. Investment by Google e next step visionary plans. “Google gives money to SpaceX, which means that the company is a major investor and partner of Musk. Google provides applications satellites while SpaceX holds the technical know-how,” said Marco Caceres, director of space research at consulting firm Teal Group.
SpaceX can raise capital through listing on the stock exchange. But this of course depends on the consent of the existing shareholders. Musk has already announced that his company will now remain non-public. Currently, NASA carries the most serious part of the business of SpaceX. The Group has a contract for 1.6 billion. Dollars to transfer cargo to the International Space Station, and last year won an order for 2.6 billion. Dollars from the agency for carrying astronauts in 2017 and the company has contracts to launch commercial satellites.
“In the long term we expect revenue to be able to finance city of Mars,” said Musk to Bloomberg, without giving further details. According to him, one way his company is making money by selling satellites after completion of the network.http://szlifestyle.com/sz/2015/01/27/google-pledge-1-billion-dollars-of-elon-musk/https://i2.wp.com/szlifestyle.com/sz/wp-content/uploads/2015/01/sz_Elon_Musk.jpg?fit=620%2C348https://i2.wp.com/szlifestyle.com/sz/wp-content/uploads/2015/01/sz_Elon_Musk.jpg?resize=150%2C150TECH NEWSGoogleGoogle will invest with the fund Fidelity 1 billion. Dollars in the company's aerospace entrepreneur Elon Musk SpaceX, said in. The Wall Street Journal. After the transaction, the purchaser will hold 10% of SpaceX, which assesses the 10 billion. Dollars. The transaction is the next Google's investment in space technology....Richard D.Richard Deendeen@szlifestyle.comContributorRichard Deen is a writer at szlifestyle. What can I say I love gadgets!szlifestyle.com Tech News, Life Style, Reviews, Videos!