Why Did Google Invest $1 Billion in SpaceX? -- The Motley Fool



Why Did Google Invest $1 Billion in SpaceX? -- The Motley Fool

The company's space aspirations may be bigger than it's letting on. Daniel Sparks Feb 14, 2016 at 2:30PM Did you notice this big investment Google made last year? You may have missed it. After all, the U.S. space company hadn't yet earned itself a name for successfully landing a rocket on the ground  just after the rocket delivered a payload in space. But the investment shouldn't be overlooked. Indeed, it may be one of Alphabet's ( NASDAQ:GOOG ) ( NASDAQ:GOOGL ) (formerly Google) boldest moonshots yet: the tech giant made a big investment into SpaceX. Falcon 9 rocket. Image source: SpaceX. The origins of a $1 billion SpaceX investment It's no surprise that Alphabet is interested in space. After all, Amazon.com, Virgin Group, Facebook, and Qualcomm, are among tech companies that have invested in the development of either rockets or satellites. Space offers another frontier for the information and communication that technology companies hold so dear -- particularly Google.

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