Google in talks to invest $10 billion in rocket maker Elon Musk's SpaceX

Google could be in talks to make an investment in rocket maker SpaceX for a whooping $10 billion. If it goes through, the deal could well be Google’s attempt to create a low-cost satellite that could beam Internet around the world to the billions who don’t have it. The Information reports that the round of funding for SpaceX will include investors other than Google. Other investors include Founders Fund, Draper Fisher Jurvetson and Valor Equity Partners. SpaceX is gaining importance in Silicon Valley as the Internet space race gathers steam. Elon Musk also said that they would use the project to help fund a colony on Mars too. Google had been working on a similar satellite project with industry expert Greg Wyler. But, he left the company to start his own venture  OneWeb , which has been backed by companies like Virgin and Qualcomm. Elon Mask told Business Week that SpaceX’s engineers and it’s manufacturing scale would give the project an edge over similar satellite programs. He also said SpaceX’s efforts would involve micro-satellites operating in large formations with as many as 700 satellites floating in near-Earth orbit. SpaceX became the first private company to put a spacecraft in orbit and then successfully return it to Earth. This investment could be the company’s first major round of funding in several years. The project will be based in their Seattle office. Earlier **reports** suggest that Elon Mask is also working on building a five-mile Hyperloop test track, which could transport people n a car-sized tube capsule at a speed of 700 miles per hour. Musk said that he was working on building a Hyperloop test track in Texas.