Facebook Inc (FB) Is Building Drones To Deliver Internet

Facebook Inc (NASDAQ:FB) is planning to use satellite, drone and other technology to achieve its ambitious and costly plans to spread the internet in underdeveloped parts of the world. On Thursday, the social networker announced that it has roped in aerospace and communications experts from NASA’s Jet Propulsion Lab and its Ames Research Center for its “Connectivity Lab” project.

Facebook Inc (FB) Is Building Drones To Deliver Internet

In a post, Facebook Chief Executive Mark Zuckerberg said “Today, we’re sharing some details of the work Facebook’s Connectivity Lab is doing to build drones, satellites and lasers to deliver the internet to everyone.”

Extension of Facebook Inc’s internet.org project

Zuckerberg shared a few details, but gave no specific time frame for the launch of the service. The new plans are an extension of the company’s Internet.org effort, which is aimed at connecting billions of people not having an internet access in regions like Africa and Asia. The social networker has been collaborating with the telecommunications carriers to make the internet more accessible and affordable.

Zuckerberg said, “We’re going to continue building these partnerships, but connecting the whole world will require inventing new technology too.”

Facebook Inc (NASDAQ:FB) is planning to come up with solar-powered drones and low-earth orbit and geosynchronous satellites which will facilitate internet access in different parts of the globe. The company aims to use the sky to extend its reach beyond its 1.2 billion members along with empowering society with the power of the internet.

Following Google’s footsteps

On Tuesday, Facebook Inc (NASDAQ:FB) also revealed plans to acquire Oculus VR Inc, which develops virtual reality goggles.

It seems that the social networker is following the internet giant, which is working on a variety projects including self-driving cars and wearable computers. Last year, Google Inc (NASDAQ:GOOG) also announced plans to use solar-powered balloons to make internet accessible remote corners of the world.

The job openings mentioned on Facebook’s website on Thursday include roles like Antenna Systems Engineer and Electro-Optical Network Access Hardware Engineer. Facebook also said that it has hired a five member team from Ascenta, which is a British company, whose founders developed the initial version of the Zephyr, which the social networker claimed holds the record for the longest-flying solar-powered unmanned aircraft.

In after hours of trading, on Thursday, Facebook Inc (NASDAQ:FB) shares were up 28 cents at $61.25.

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About the Author

Aman Jain
Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at amanjain@valuewalk.com

3 Comments on "Facebook Inc (FB) Is Building Drones To Deliver Internet"

  1. The problem is not about investing for future, but investing billions and billions for future very lavishly. I don’t see it wise when it can spend less to achieve the same. Billions are not a small amount and many countries run with it. You see, the problem is people assume all that which glitters are gold. One year old oculus company is too early to predict and it is the case for every company for that matter. imagine this scenario, Drone the one which may possibly help FB achieve internet ambition was bought for 10 million, and Aculus which will not help Fb achieve any thing for its own disadvantages was bought for 2 billion. See the difference. People can justify any thing for money. The actual problem i find is, FB has too much excess money and they have to keep doing something like this to make people not withdraw what they gave. Even whatsapp is not worth 19 billion if it can remain separately as it wont help fb apart from name. FB is spending lavishly and justifying it. the worst of all, after doing it, distracting people away from it.

  2. In the books this could be a bad investment to the older traders, but you do remember all the negativity every online company had at first. This is a huge company with gaining profits and earnings. You also have to remember all of the previous facebook bought and look what they are worth now! I think Mark is not the usual CEO but he thinks outside of the box which is a good thing right? Always looking for innovation is what other tech companies have not done and their stock has plummeted (ex. Apple, microsoft, etc…) Facebok is looking into the future and I think that Facebooks stock price could look like googles or higher in a few years. This is a risk, but you need to take some risks to make money.

  3. Is it so easy to distract people from bad investments. Not a Good behavior from FB.

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