Google acquires Skybox Imaging for $500 million to improve Google Maps, expand Project Loon

Skybox

Google announced today that it would be acquiring Skybox Imaging, a satellite-imaging startup, for $500 million.

Google said the following about its most recent purchase:

“Skybox’s satellites will help keep Google Maps accurate with up-to-date imagery. Over time, we also hope that Skybox’s team and technology will be able to help improve Internet access and disaster relief — areas Google has long been interested in.”

So from the above statement we can obviously deduce that Google Maps will be improved with the newly acquired technology/patents, and it will also help Google bring Internet access to previously unconnected regions. Expect Google to continue spending in this market, as the search/tech giant obviously believes in the continued growth of Project Loon.

Source: The Wall Street Journal