Google’s interest in innovative and revolutionary technologies is not a thing of the present. A while ago, the tech behemoth purchased drone maker Titan Aerospace, showing a clear intention of conquering the skies.
In the same trail of thinking, recent reports show that Google is interested in buying Skybox Imaging. The guys from TechCrunch verified their sources and, from what it seems, the acquisition is in course of getting completed.
Skybox Imaging is a satellite company that is specialized in recording in full detail landscape pictures and videos. According to people close to Google, it seems that the deal is happening and is supposed to reach roughly $1 billion. While none of the two companies involved in this acquisition process agreed to comment so far, it seems that Google is indeed set to explore other sources of revenue.
Why is Google interested in buying Skybox Imaging?
The answers to this question are not hard to guess. First and foremost, such advanced satellite services might improve the services offered by Google Maps. Having your own satellite and updating the information on a constant basis could turn Google Maps into a more consumer – dedicated palette of products and services.
The second reason for which Google might show an interest in satellite – producing companies such as Skybox and others is its own business division “Earth Enterprise”. According to the guys at TechCrunch, this division is concerned with providing extended mapping services for large customers, such as organizations and companies. Having this in mind, it becomes a bit clearer why Google is interested in buying Skybox. On its home page, there is even a confirmation of the theory:
Google Earth Enterprise allows you to store and process terabytes of imagery, terrain and vector data on your own server infrastructure, and publish maps securely for your users to view using Google Earth desktop or mobile apps, or through your own application using the Google Maps API.
There are plenty of speculations related to this acquisition. Some reports say that if Skybox doesn’t get some funding soon, it may go out of business. Other voices claim that there are dozens of companies out there which produce small satellites just as Skybox does. There are also some speculations that Google is stepping up its game against its competitors. As you might remember, Facebook showed an interest in Titan Aerospace, but Google got to sign the deal.
It is a very competitive world out there, where tech giants aim to put their own satellites in the skies, building their own constellations and making the world rich in information. However, just as the guys from TechCrunch conclude, this is a long – term bet, pricey, dicey and with mind-blowing implications. Even political ones for that matter.