The satellites are launched fairly easily and cost a great deal less than conventional satellites. They can produce live streaming images from space and can snap images quickly and easily for applications like Google Maps.
Google have obviously seen the potential, and have purchased the company for $500m (£300m).
There’s plans to launch 24 of these camera satellites and many are already in orbit as we speak.
Google and Skybox Imaging Sign Acquisition Agreement
MOUNTAIN VIEW, CA – JUNE 10, 2014— Google Inc. (NASDAQ: GOOG) announced today that it has entered into an agreement to buy Skybox Imaging for $500 million in cash, subject to adjustments.
Skybox’s satellites will help keep Google Maps accurate with up-to-date imagery. Over time, we also hope that Skybox’s team and technology will be able to help improve Internet access and disaster relief — areas Google has long been interested in.
The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the U