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Facebook's Bet on Drones Could Jam the Satellite Industry

  • Aired: 1/6/2014
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Synopsis >

The social network's anticipated $60 million acquisition of Titan Aerospace doesn't compare to the $19 billion Facebook shelled out for WhatsApp, but it could have major repercussions. If CEO Mark Zuckerberg successfully uses drones to provide expanded Internet access to areas that lack connectivity, satellite firms may have a reason to be concerned. Operators like Viasat and Globalstar would take a hit along with companies that build the spaceships, like Boeing and Lockheed.

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