In an interesting agreement, Google will take control of NASA’s Moffett
Field. the 60-year agreement will see Google invest up to $200 million
in the property. Though they’re operating and investing in the air
strip, which previously used by Google as a private airstrip, NASA will
ultimately retain ownership. According to NASA, Google’s Planetary
Ventures LLC branch, a shell company for investment purposes, will dole
out $1.16 billion over the contract, and reduce NASA’s operating cost by
$6.3 million annually.
This could all be for Google’s
Titan Aerospace purchase, as well as other Google X properties like
Boston Dynamics. Project Loon could also benefit from the airfield, and let’s not forget
Google execs like to break landfall records.
Google will also create an educational facility, which will be open
to the public. The educational office will educate visitors about the
site (likely the history of Moffett) and tech innovations in Silicon
Valley.
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