Google to acquire Skybox Imaging
Posted: Wed, Jun 11, 2014, 10:02 AM ET (1402 GMT)
Internet giant Google announced Tuesday it has agreed to acquire commercial satellite remote sensing company Skybox Imaging for $500 million in cash. Skybox, located not far from Google's headquarters in Silicon Valley, is developing a constellation of satellite to provide high-resolution imagery and video that is updated frequently. Skybox launched its first satellite, SkySat-1, last year, and has contracts in place with Space Systems Loral and Orbital Sciences to build and launch a dozen more. Google said it will use imagery from Skybox's satellites to updates its maps and related products, and could use Skybox's satellite technology for other applications, such as providing global Internet access via satellite. Google's interest in Skybox had been reported for months, although the sale price announced Tuesday was substantially smaller than earlier rumors.
Internet giant Google announced Tuesday it has agreed to acquire commercial satellite remote sensing company Skybox Imaging for $500 million in cash. Skybox, located not far from Google's headquarters in Silicon Valley, is developing a constellation of satellite to provide high-resolution imagery and video that is updated frequently. Skybox launched its first satellite, SkySat-1, last year, and has contracts in place with Space Systems Loral and Orbital Sciences to build and launch a dozen more. Google said it will use imagery from Skybox's satellites to updates its maps and related products, and could use Skybox's satellite technology for other applications, such as providing global Internet access via satellite. Google's interest in Skybox had been reported for months, although the sale price announced Tuesday was substantially smaller than earlier rumors.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
NASA releases report on Starliner crewed test flight problems
Posted: Sun, Feb 22 11:45 AM ET (1645 GMT) |
|
news links
|
|
Monday, February 23
The space race is being rewritten by AI – and Europe risks falling behind
EU-Startups — 5:38 am ET (1038 GMT) Space Solar Power Will Inevitably Trump Trump’s War On Solar Power
CleanTechnica — 5:34 am ET (1034 GMT) Foushee outlines space policy at Duke amid competitive primary election
Duke Univ. Chronicle — 5:32 am ET (1032 GMT) How the free market can free NASA from the Space Launch System
The Hill — 5:28 am ET (1028 GMT) ESA Awards Contracts for Lunar Remote Camp Studies
European Spaceflight — 5:26 am ET (1026 GMT) |
