Report: Facebook buying drone manufacturer - New York News

Report: Facebook buying drone manufacturer

Posted: Updated:
The logo of the social network Facebook is reflected for a photo illustration in the pupil of an eye. (Photo by Joerg Koch/AP) The logo of the social network Facebook is reflected for a photo illustration in the pupil of an eye. (Photo by Joerg Koch/AP)
NEW YORK (MYFOXNY) -

Facebook is reportedly in talks to buy Titan Aerospace.  The company has designed a solar-powered drone that can stay airborne for up to five years.

Techcrunch cited an unnamed source putting the price of the deal at $60 million.

The report speculates that Facebook would use the drones to provide internet access the billions of people across the world who currently are not connected.

Facebook would start building 11,000 of the drones and first deploy the drones over Africa before moving on to other continents.

The deal would be much less than the $19 billion it shelled out to buy Whatsapp.

Titan unveiled the SOLARA atmospheric satellite, capable of carrying telecom, reconnaissance, atmospheric sensors and other payloads, in August 2013.

With its 164 foot wingspan and thousands of high efficiency solar cells, the SOLARA is capable of staying aloft at an altitude of 65,000 feet.

During the day, solar energy powers propulsion and payload and charges battery banks for use at night.

Titan was founded in 2012 and is headquartered in Moriarty, New Mexico.


  • Local NewsLocal NewsMore>>

  • Garner's family meets U.S. attorney

    Staten Island stores worried about rally

    Staten Island stores worried about rally

    Thursday, August 21 2014 11:01 PM EDT2014-08-22 03:01:16 GMT
    The Rev. Al Sharpton and family members of Eric Garner came from a meeting with U.S. Attorney Loretta Lynch in which they asked for a federal civil rights investigation into his apparent chokehold death. Meantime, Staten Island businesses are bracing for the huge crowds expected at Saturday's march. Sharpton said he is estimating about 3,000 to 5,000 people to rally Saturday.
    The Rev. Al Sharpton and family members of Eric Garner came from a meeting with U.S. Attorney Loretta Lynch in which they asked for a federal civil rights investigation into his apparent chokehold death. Meantime, Staten Island businesses are bracing for the huge crowds expected at Saturday's march. Sharpton said he is estimating about 3,000 to 5,000 people to rally Saturday.
  • Brooklyn Nets Kids Dance Team auditions

    Brooklyn Nets Kids Dance Team auditions

    Thursday, August 21 2014 10:26 PM EDT2014-08-22 02:26:39 GMT
    Out of over 500 hopefuls only a handful will join the Brooklyn Nets Kids Dance Team. The Nets held auditions this week at LIU Brooklyn. Adorable Bronx native Arielle was turned away last year but this time around she's made it through to the final round of the auditions. But even those who were on the team last year still have to try out.
    Out of over 500 hopefuls only a handful will join the Brooklyn Nets Kids Dance Team. The Nets held auditions this week at LIU Brooklyn. Adorable Bronx native Arielle was turned away last year but this time around she's made it through to the final round of the auditions. But even those who were on the team last year still have to try out.
  • Chris Rock gets foul ball at Yankees game

    Chris Rock gets foul ball at Yankees game

    Thursday, August 21 2014 10:03 PM EDT2014-08-22 02:03:11 GMT
    Chris Rock almost made the play of the day at Yankee Stadium. Instead, the comedian wound up with a nice prize -- a foul ball that nearly landed in his lap during Thursday's game between the Houston Astros and New York Yankees.
    Chris Rock almost made the play of the day at Yankee Stadium. Instead, the comedian wound up with a nice prize -- a foul ball that nearly landed in his lap during Thursday's game between the Houston Astros and New York Yankees.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices