Google buys Skybox HD satellite firm for $500m
Firm to use satellites to keep Maps up-to-date and for humanitarian projects
Google has agreed to buy satellite firm Skybox Imaging for $500 million in cash, as the search giant looks to reap the benefits of HD satellites.
The company initially plans to use Skybox satellites to keep its Maps software up-to-date but more projects are reportedly in the pipeline.
Skybox claims its HD satellites can help with everything from determining crop health and estimated yield to monitoring refugee movements during a humanitarian crisis.
Commercial applications also include the ability to provide up-to-date imagery for excavation planning and insurance purposes.
"We've built and launched the world's smallest high-resolution imaging satellite, which collects beautiful and useful images and video every day," Skybox noted in a blog post.
"The time is right to join a company who can challenge us to think even bigger and bolder, and who can support us in accelerating our ambitious vision."
Skybox launched its first satellite, the SkySat-1, in November 2013. It has two satellite launches pencilled in during 2014 and plans on having a fleet of 24 satellites.
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At the start of June, it was revealed Google plans to invest $1 billion in satellites to help bring internet access to people in remote areas.
It also plans to launch 180 small, high-capacity satellites, sources told the WSJ. These will orbit the earth at lower altitudes than traditional satellites.
Khidr Suleman was the Technical Editor at IT Pro and during his time with the site was responsible for the reviews section. Prior to joining IT Pro, Khidr worked as a reporter at Incisive Media. He studied law at the University of Reading and completed a Postgraduate Diploma in Magazine Journalism and Online Writing at PMA Training.
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