Morning Biz Digest: Google set to make major investment in SpaceX

Jan 20, 2015
Austin Business Journal

Google is preparing to invest about $1 billion in Space Exploration Technologies Corp., known as SpaceX, the space company backed by Elon Musk. That money would support Google's efforts to provide satellite-based Internet access, according to a report by The Information. The Wall Street Journal explained that Google has already explored ways of providing Internet access in difficult-to-reach parts of the world via balloons and drones, and in late 2013 began looking at satellite-based Internet service in earnest. Google's investment is said to value SpaceX at more than $10 billion, and it's not clear precisely how much of a stake the company might receive

In 2014, Facebook was responsible for $227 billion worth of economic impact and 4.5 million jobs, at least according to a study by Deloitte & Touche that the social-media giant commissioned. The economic impact number beggars belief, but, as Reuters explained, the study counts a wide range of activities touching Facebook, from mobile apps and games played through the site and sales triggered through ads

Soon after United States officials publicly blamed North Korea for hacking Sony Pictures' computer systems, a few outside experts questioned how the government could be so sure to pin the blame on North Korea so quickly. However, the New York Times reported, there's fresh evidence the U.S. espionage apparatus penetrated North Korea's hacking operation some time ago, to the point that officials were certain of the attack's provenance

Print Article opens in new window