Google acquires Skybox for $500 million!

skyimage

Satellite company Skybox has designed much lighter satellites, filled them with sensors and cameras and deployed them to take innumerable images of the earth. The five year old company had an original plan of installing 24 such modern satellites in the space to watch nook and corners of the earth. The Mountain View, California based company attracted the interest of several tech and space exploration companies equally piquing the interest of Google, which has been on a mission looking at providing internet connectivity to unexplored areas of the globe through unconventional methods. Google earlier has also launched a small network of balloons designed to deliver internet access over the Southern Hemisphere.

As part of the plan, it has acquired Titan Aerospace, a Mexico based solar powered drone manufacturing company recently. Following the intent, it has just announced the acquisition of Skybox in a $500 million cash deal.

“The time is right to join a company who can challenge us to think even bigger and bolder, and who can support us in accelerating our ambitious vision,” Skybox said on in its website. Skybox satellite imagery will be used to add to the online mapping services initially and later to provide internet facilities in inaccessible areas of the globe, also offering special disaster management services.

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