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Thursday, January 22, 2015

Home » » Google investing $1 billion in Musk’s SpaceX

Google investing $1 billion in Musk’s SpaceX

Google is leaving no opportunity behind to connect the world. In this process reports are circulating that its going to invest $1 billion in Elon Musk’s Space Exploration technology corporation. With this deal it values around $10 billon according to a close source to the company.

The investement is closely to make explore the ways to connect the world in a more effective way. More clearly the earlier reports were that they were used to spread online services to the undeserved parts of the online.

It seems like California based Google is trying to compete with the tech gaint Facebook which is also on the same edge to connect the world. Recently it also acquired Qualcomm Inc. and Virgin Group making a tough competition to Google.
elon-musk-spacex
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