As per the latest report by The Information, Google is going to fund the SpaceX, a private spaceflight company lead by Elon Musk to get faster internet capabilities in the tech world.
Google has already proved it's capabilities of providing 1Gbps internet connection with Google Fiber, with SpaceX satellites. Going by the inside source, Google along with SpaceX is working on to provide high speed internet access to around 4.5 billion people around the globe. Moreover Google is also working on it's Project Loon which showcases of hoisting a wifi-beaming balloons to the sky. These helium inflated balloons would transmit internet to those remote areas where it's difficult to reach.
SpaceX already announced that it is going to send hundreds of satellites into the space to orbit the Earth. By placing all these satellites at a height of 750 miles above the Earth, theoretically, SpaceX might provide high-speed internet access to every person.
As per an un-confirmed report, Google has agreed to value SpaceX north of $10 billion and the size of the total round that also includes other investors is quite large.
On the other hand, Facebook is planning to introduce high flying drones which can be used to transfer the data across different continents. Well, with these kind of technology developments on the rise, high-speed internet is the next agenda for tech titans and won't be the biggest problem in years to come.
Stay tuned to GizBot for more updates!