Google reportedly investing $1bn in satellites
Search giant wants to enable Internet access everywhere, according to WSJ report
Google has plans to invest more than $1bn in low-Earth orbit satellites so that it can be provide Internet connectivity in remote areas, according to a report in the Wall Street Journal.
The newspaper said that the project was being spearheaded by the founder of satellite communications start-up O3b Networks, Greg Wyler. Google has also hired engineers from a satellite company called Space Systems/Loral to work on the project, the report said.
Without providing a timeline, the paper said that Google was set to launch the project with 180 small, high-capacity satellites.
Google has previously made efforts to launch internet-providing satellites, but they have been thwarted by both financial and regulatory issues. The WSJ cited people familiar with the project, who reportedly said that Google hoped to overcome these issues with the latest project.
And depending on the final design of the internet network, the price tag could reach up to $3bn, the report added.
The report also noted that Google has an interest in providing Internet to underserved areas of the globe. With growth in internet services plateauing in developed areas, Google must look to emerging markets to achieve the same rates of growth. Providing Internet to remote areas will address the growth issue.