Source: CNN Money
Google gets some NASA space
Partnership will focus on areas such as nanotechnology; terms of deal not disclosed.
SAN FRANCISCO (Reuters) – Web search company Google Inc. says it plans to partner with U.S. space agency NASA on space research and to build a new campus at the agency’s research center in the heart of Silicon Valley.
Google and the National Aeronautical and Space Administration (NASA) said they plan to cooperate on research projects such as large-scale data management, nanotechnology, massively distributed computing and the entrepreneurial space industry.
Massively distributed computing aims to harness via the Internet the power of thousands or millions of PCs while their volunteer owners are not using them, putting it to work on large scale research projects such as health or space exploration.
NASA Ames Center Director G. Scott Hubbard said in a statement Wednesday that the public-private partnership holds “an enormous range of potential benefits to the space program.”
The deal calls for Google to develop up to 1 million square feet of real estate within the NASA Research Park at Moffett Field, a former Naval air base that is surrounded by thousands of high-tech companies in the heart of Silicon Valley.
The total acreage is roughly double the size of its current headquarters in the adjoining town of Mountain View, California, where Google moved into the old offices of Silicon Graphics Inc. just two years ago.
Financial terms of the agreement were not disclosed.
At a news conference, Google Chairman and Chief Executive Eric Schmidt said that the leased government land would be used largely for office space to house company research and development. Some projects would be specific to Google and others could be joint research efforts with NASA, he said.
“Google and NASA share a common desire — to bring a universe of information to people around the world,” Schmidt said. “Imagine having a wide selection of images from the Apollo space mission at your fingertips whenever you want it,” he said in offering one example of possible collaborations.
The seven-year-old company has been hiring employees at a rapid pace to meet explosive demand for its advertising-supported search and other Internet businesses. Google currently has 4,100 employees worldwide.
Hubbard said examples of the sorts of projects envisioned under the partnership include new types of remote sensors, improved analysis of engineering problems and what he called “materials from collaborations on bio-info-nano convergence.”
The NASA Ames director said other research would focus on “Earth, life and space science discoveries from supercomputing and data mining, and bringing entrepreneurs into the space program.”
The government research center now known as NASA Ames was founded in 1939. Early on, it played a role in the design and testing of the P-51 Mustang and P-38 Lightning fighter planes during World War II. The facility later conducted research for the Apollo moon missions.
Local boosters said they are hoping to turn Moffett Field into a new hub of research and development activity for Silicon Valley, with the NASA-Google partnership as a magnet.
The total land available to the project is around 4.2 million square feet, which will be used for a mix of research facilities, housing, and university education facilities, a Google spokeswoman said.
Google shares fell 2.5 percent, or $7.94, to close at $306 on Nasdaq ahead of the announcement.
Earlier this month Google sold $4.2 billion in additional shares to raise funds for working capital, capital spending, and acquisitions, leaving it with roughly $7 billion in cash.