Search giant Google is under talks with SpaceX over a possible investment in the rocket maker to strengthen the efforts for delivery of Internet access through satellite, according to a report.
The investment deal, which is currently under talks, would value the rocket making company in excess of USD 10 billion, the sources familiar with the negotiations said.
Such a business association would strengthen the plans of both companies in providing Internet access at affordable rates to underserved regions of the world.
Meanwhile, representatives from both Google and SpaceX were not available to respond to requests for a statement in this regard.
Last week, SpaceX chief Elon Musk had announced that he has higher aspirations for landing on Mars and in this regard his company is developing a second internet system in outer space that would make it possible to stretch all the way to the Red Planet one day.
During a SpaceX event, Musk said that the proposed space network would offer a much faster speed than the internet that we use today.