The great Internet space race is shaping up to be a wild ride. SpaceX confirmed today it raised $1 billion in financing from Google and Fidelity, which will help the company push ahead with its plan to create a space-based global Internet service. "Space-based applications, like imaging satellites, can help people more easily access important information, so we’re excited to support SpaceX’s growth as it develops new launch technologies," a Google spokesperson told ABC News in a statement. Elon Musk, the CEO of SpaceX, last week he wants to launch a constellation of satellites to create a global Internet service that could connect people who don't have access and would handle long-distance traffic.
via Tech News Headlines - Yahoo News http://ift.tt/154MNvW
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