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>>

  • Dwayne Johnson hosts 'Hercules' screening for NYC children

    Dwayne Johnson hosts 'Hercules' screening for NYC children

    Thursday, July 24 2014 10:30 PM EDT2014-07-25 02:30:48 GMT
    When he's not slaying three-headed beasts with his olive-wood club, Hercules carves out time for the little people. Dwayne "The Rock" Johnson treated fans from the Harlem Boys and Girls Club and Big Brothers Big Sisters NYC to an advance screening of his new film. I caught up with the larger-than-life action hero after the big surprise.
    When he's not slaying three-headed beasts with his olive-wood club, Hercules carves out time for the little people. Dwayne "The Rock" Johnson treated fans from the Harlem Boys and Girls Club and Big Brothers Big Sisters NYC to an advance screening of his new film. I caught up with the larger-than-life action hero after the big surprise.
  • The Big Idea

    Making New York City more energy efficient

    Making New York City more energy efficient

    Thursday, July 24 2014 10:20 PM EDT2014-07-25 02:20:19 GMT
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
  • Suffolk County jail warden is highest-paid muni worker in NY

    Suffolk County jail warden is highest-paid muni worker in NY

    Thursday, July 24 2014 6:48 PM EDT2014-07-24 22:48:14 GMT
    New York State NewsNew York State News
    The Empire Center for Public Policy reports 1,803 local government employees outside of New York City have been paid more than Gov. Andrew Cuomo's $179,000 salary in the past year. The report from the fiscally conservative group for the year ending March 31 shows 47 of the 50 highest-paid municipal employees working for police departments or sheriff's offices and each taking home more than $250,000.
    The Empire Center for Public Policy reports 1,803 local government employees outside of New York City have been paid more than Gov. Andrew Cuomo's $179,000 salary in the past year. The report from the fiscally conservative group for the year ending March 31 shows 47 of the 50 highest-paid municipal employees working for police departments or sheriff's offices and each taking home more than $250,000.
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 | Terms of Service | Ad Choices