google logo 2011 10 25The way Google sees it, the more people who can access the internet, the more money it can potentially make, since those individuals are potential Google customers who might sign up for Google’s services and use their search engines. This is why Google’s Project Loon is not such a far-fetched concept, which is to provide internet access to as many parts of the world as possible.

Well it looks like Google could be taking things to the next level with their “internet for the world” project, at least according to The Wall Street Journal’s sources who has revealed to the publication that Google will be investing a whopping $1 billion into 180 small, high-capacity satellites that will orbit the earth and connect people to the internet, or at least that’s the plan.

These satellites will be low-orbiting, as opposed to more traditional satellites, and should offer up a great degree of coverage compared to Project Loon, which uses hot air balloons. Evidence of Google’s interest in satellites has been discovered via the hiring of engineers from satellite company, Space Systems/Loral LLC, according to a person who is familiar with the hiring initiative.

While Google is expected to pump $1 billion into their new project, it has been estimated that the entire project itself could run Google $3 billion, but then again we doubt that will be an issue for the company. It’s an admittedly ambitious project, although we’re not sure if foreign governments and internet service providers will be pleased with Google’s intrusion into their air space and markets, but what say you?

Filed in General >Rumors. Read more about Google.

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