Deals

Google Said to Be Close to Investing $1 Billion in Musk’s SpaceX

SpaceX's Dragon is a free-flying spacecraft designed to deliver both cargo and people to orbiting destinations, on May 29, 2014.
Source: SpaceX

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By Serena Saitto, Brian Womack and Dana Hull

January 20, 2015 at 4:49 PM UTC

This article is for subscribers only.

Google Inc. wants everyone connected to the Internet, and an investment in Elon Musk’s SpaceX could help further that cause.

Google is close to investing about $1 billion in Space Exploration Technologies Corp. in a deal that values the closely held company at $10 billion or more, according to a person familiar with the matter, who asked not to be identified because the matter is private. The investment would be strategic for SpaceX, which is exploring new ways to connect people to the Internet, said the person. The Information earlier reported on the deal, saying it would be used to spread online services to underserved parts of the world.