Report: Google in talks to invest $1 billion in SpaceX

Google could soon make a $1 billion investment in SpaceX, according to multiple reports.

The goal of the deal, first reported by The Information, is to support the creation of a satellite-based Internet system that would bring Internet access to rural areas not yet online.

See also: Watch SpaceX try to land a rocket on a floating platform Saturday

Google's investment would value Elon Musk's company at more than $10 billion, the The Wall Street Journal and The Information report

Musk spoke about SpaceX's plans for the satellite-enabled Internet system last week in an interview with Bloomberg Businessweek , which described the program as "hugely ambitious." Read more...

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