How is Google investing in SpaceX

Google is about to pour $ 1 billion into space company SpaceX. The goal: Internet for everyone.

SpaceX founder Elon Musk, who also holds shares in Tesla Motors, presented a concept last week that provides Internet access worldwide via a network of hundreds of satellites. He put the cost at ten billion US dollars.

Google now plans to invest one billion US dollars in the space company, reports the Wall Street Journal. However, the contracts have not yet been signed. SpaceX is one of the ten most valuable startups in the world.

The most valuable startups in the world

Internet access for everyone is a big issue for Google. In July 2013 the group tested its "Loon" project. Balloons floating in the stratosphere at a height of 20 kilometers are intended to provide remote regions with online services.

Internet by balloon