SpaceX confirms Google deal
The competion heats up: SpaceX has confirmed that Google as well as a second investor, Fidelity, have committed $1 billion for the company’s satellite project.
In its blog post, SpaceX wrote that the funding would “support continued innovation in the areas of space transport, reusability, and satellite manufacturing.” But Google’s involvement has led many to believe that the funding will primarily back SpaceX’s new satellite venture, which SpaceX founder and CEO Elon Musk announced late last week. At the time, Musk gave some indication as to the epic scope of the project that lies ahead. He seeks to create a network of hundreds of satellites that could not only connect people on Earth to the web, but also people on Mars—if and when people get there. The total cost of such an audacious project? $10 billion.
The satellite venture calls for more than 4,000 satellites. The SpaceX announcement suggests that the capital will also be used for other things, however.
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Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
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The competion heats up: SpaceX has confirmed that Google as well as a second investor, Fidelity, have committed $1 billion for the company’s satellite project.
In its blog post, SpaceX wrote that the funding would “support continued innovation in the areas of space transport, reusability, and satellite manufacturing.” But Google’s involvement has led many to believe that the funding will primarily back SpaceX’s new satellite venture, which SpaceX founder and CEO Elon Musk announced late last week. At the time, Musk gave some indication as to the epic scope of the project that lies ahead. He seeks to create a network of hundreds of satellites that could not only connect people on Earth to the web, but also people on Mars—if and when people get there. The total cost of such an audacious project? $10 billion.
The satellite venture calls for more than 4,000 satellites. The SpaceX announcement suggests that the capital will also be used for other things, however.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
So, if I own Google stock, does this give me part ownership of SpaceX?