Report: Google in Talks to Acquire Stake in Virgin Galactic

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Richard Branson may prove to be a key part of Google's satellite plans, according to a new report.

Sky News reports that Google is in advanced talks to take a small stake in Branson's space flight company Virgin Galactic and to pursue a joint venture together. Google is reportedly looking to spend about $30 million for a 1.5% stake in the company and "hundreds of millions" on a venture which Sky News says would tie into Google's plans to launch a fleet of satellites into low orbit.

See also: How 4 Students Got a Satellite Startup Off the Ground and $500 Million From Google

Google and Virgin Galactic did not immediately respond to our request for comment Read more...

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