Google Is Helping SpaceX Bring Satellite Internet to the Masses

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Elon Musk

Google is helping SpaceX bring high-speed Internet to the masses with a constellation of small satellites.

SpaceX announced in a blog post today that Google and Fidelity have invested $1 billion in the Hawthorne-based rocket maker. The investment gives SpaceX a $10 billion valuation, with Google and Fidelity owning a 10 percent stake in the company.

Musk hopes a network of low-flying satellites will be able to provide Internet speeds that rival land-line connections and one day provide a communication link between Earth and Mars, which Musk hopes to colonize.

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