Alphabet is selling its Terra Bella satellite imaging business
February 3, 2017 | Uncategorized
Google parent company Alphabet is backing away from another one of its peripheral and far-out missions, this time satellite imagery. The company is selling its imaging unit, called Terra Bella and formerly known as Skybox, to startup Planet for $500 million, the two companies announced today. Planet focuses on using satellite imagery to provide data for industries like ecological research, agriculture, and mapping. SkyBox did the same, and was acquired by Google back in 2014 for around the same price it just sold for.
As part of the deal, Planet will acquire Terra Bella’s collection of seven SkySat satellites and also enter into a data-purchasing agreement whereby Google will…
