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Google Businesses

Google Buys Drone Maker Titan Aerospace 41

Posted by samzenpus
from the welcome-to-the-google dept.
garymortimer (1882326) writes "Google has acquired drone maker Titan Aerospace. Titan is a New Mexico-based company that makes high-flying solar powered drones. There's no word on the price Google paid, but Facebook had been in talks to acquire the company earlier this year for a reported $60 million. Presumably, Google paid more than that to keep it away from Facebook. 'Google had just recently demonstrated how its Loon prototype balloons could traverse the globe in a remarkably short period of time, but the use of drones could conceivably make a network of Internet-providing automotons even better at globe-trotting, with a higher degree of control and ability to react to changing conditions. Some kind of hybrid system might also be in the pipeline that marries both technologies.'"
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Google Buys Drone Maker Titan Aerospace

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  • Re:Why in the FUCK (Score:5, Informative)

    by hawguy (1600213) on Monday April 14, 2014 @03:19PM (#46750597)

    would either Google or especially Facebook be buying drone companies? These companies obviously have WAY too much money and are WAY overvalued. I suppose it is smart that rather than wait for the bubble to burst and the share price to crash, wiping out billions in value, they're trying to get stuff that is worth something while they still can. Still, this is actually kind of unsettling to me and makes me wonder if we may cruising obliviously towards the next text meltdown, sooner rather than later?

    It's alluded to in the summary, and spelled out in TFA - both companies have shown interest in providing internet access in underserved areas through aerial platforms:

    Both Ascenta and Titan Aerospace are in the business of high altitude drones, which cruise nearer the edge of the earth’s atmosphere and provide tech that could be integral to blanketing the globe in cheap, omnipresent Internet connectivity to help bring remote areas online. According to the WSJ, Google will be using Titan Aerospace’s expertise and tech to contribute to Project Loon, the balloon-based remote Internet delivery project it’s currently working on along these lines.

    ...

    The main goal, however, is likely spreading the potential reach of Google and its network, which is Facebook’s aim, too. When you saturate your market and you’re among the world’s most wealthy companies, you don’t go into maintenance mode; you build new ones.

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