Google buying satellite maker Skybox Imaging for $500 (from Skybox Imaging Blog). This deal will enable Google to launch its own satellite that will give a boost to its digital maps and the project of providing internet access to the remote areas of the world.
The $500 million acquisition was announced on June 10. This acquisition will help Google to use Skybox’s satellite in order to supplement the material that it receives from companies like DigitalGlobe which is a leader in providing high resolution satellite images, aerial photos and geospatial content.
With Skybox, Google might launch more satellites and give a boost to its “Project Loon”. This is the same project that Google has been working for over a year now to bring in internet to remote parts of the world. The project started with jelly shaped balloons with antennas fitted on them.
Obviously Google has vested interest in providing internet to such remote locations. As we all know that Google’s major revenue comes from the ads that it runs on its search and email services. Having more people using the internet means more eyes looking at ads which in turn mean more revenue for Google.
The acquisition shows the seriousness of Google in this field. A couple of months back it acquired the drone manufacturer Titan, and now with the acquisition of Skybox Imaging it had made its intention crystal clear to the world. Read the story of drone manufacturer Titan’s acquisition.
Skybox is a 5-year-old startup in Mountain View, California, located a mile-and-half from Google’s headquarters in the same Silicon Valley city. Led by aerospace industry veteran Tom Ingersoll, Skybox has been working on additional satellites that should be easier to complete with Google’s backing.