Planetary Ventures

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  • NASA Announces Lease Deal Turning Over Moffett Field to Google-Controlled Planetary Ventures

    Moffett Field and the iconic Hangar One are set to be saved by Google, as the tech giant recently agreed to invest around $200 million at the property. Additionally, the airfield will be used in Google’s various ventures including space exploration research, aviation and robotics. The company’s subsidiary, Planetary Ventures, has signed an agreement with NASA that will let the company manage Moffett Federal Airfield(MFA) in Moffett Field, CA. The agreement was closed for a period of six decades and would mean that the Google-controlled entity will pay NASA a total of $1.16 billion in rent.

    San Francisco 12 November 2014 18:53