NASA Agrees To Lease Moffett Airfield To Google

NASA Agrees To Lease Moffett Airfield To Google
WDnetStudio / Pixabay

According to a NASA statement, Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) will use the site for research, development, assembly and testing related to “space exploration, aviation, rover/robotics and other emerging technologies.” Plans include the renovation of the historic Hangar One, which was used to store airships, as well as two other hangars at the airfield.

A spokesman for Google was not willing to elaborate.

Li Lu And Greenwald On Competitive Advantages And Value Investing

Li LuIn April, Li Lu and Bruce Greenwald took part in a discussion at the 13th Annual Columbia China Business Conference. The value investor and professor discussed multiple topics, including the value investing philosophy and the qualities Li looks for when evaluating potential investments. Q3 2021 hedge fund letters, conferences and more How Value Investing Has Read More

NASA leases Moffett Airfield to Google: The details

The space agency stands to save around $6.3 million per year in maintenance and operation costs, as well as covering the $1.16 billion in rental costs. The site is currently maintained by NASA’s Ames Research Center.

Back in February, NASA and the U.S. General Services Administration (GSA) announced that they had decided that Google subsidiary Planetary Ventures was their preferred lessee to maintain Moffett Federal Airfield and restore Hangar One.

The entire site covers an area of around 1,000 acres on South San Francisco Bay, and takes in the aforementioned hangars, as well as an operations building, two runways and a private golf course.

Restoring the hangars and setting up a public education facility at the site will cost Google around $200 million. The company aims to provide a facility that will educate visitors on the legacy of the site and the role of technology in the history of Silicon Valley.


The facility is used by H211, a company essentially controlled by Google executives to manage their private jets. Criticism has arisen in the past because the company buys fuel at a discount from the government .

The lease of the airfield has come in for criticism from Consumer Watchdog, which has a long history of conflicts with Google. The organization has said that the terms of the lease grant Google “unprecedented control of a federal facility to use as its own playground.”

The company has previously outlined plans to undertake testing of its driverless cars at Moffett. Consumer Watchdog says that this would allow Google to dodge state laws which require a driver to be present during any such tests.

According to U.S. Representative Anna G. Eshoo, the lease agreement “honors Moffett Field and Hangar One as part of U.S. Naval history, while looking to the future by promoting research into space, aviation and other emerging technologies.”

Google has come under increasing scrutiny from regulators and consumer groups concerned by its far-reaching influence.

Updated on

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>
Previous article Fairholme Buys 11.6% Stake in Sears Canada, Inc.
Next article The Economic Impact of Tourism by Country, State [INFOGRAPHIC]

No posts to display