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Google to Spend Billions on Satellites, Spreading Internet Access

June 2, 2014
TheStreet / Powered by
Google plans to spend more than $1 billion on a fleet of satellites in another step toward its mission of spreading Internet access to unconnected regions of the world. That's according to a report by the Wall Street Journal, which says that the search giant plans to begin with 180 small, high-capacity satellites and could eventually expand to a project that tops $3 billion. According to the report, Google has a satellite team of 10 to 20 people dedicated to the mission, led by O3b Networks founder Greg Wyler. The move follows Google's launch of Project Loon last June and its acquisition of Titan Aerospace in April. Video provided by TheStreet
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