TechCrunch has purportedly heard that Facebook is acquiring solar-powered drone manufacturer Titan Aerospace for $60 million. The company’s drones can fly up in the air for nearly five years without landing.
Facebook would be interested in using the drones to increase internet access in developing countries. Though, Facebook also has a vested interest in ensuring that every new person connected to the internet uses Facebook. With less air regulations in developing countries, they’ll be fewer hurdles to overcome to bring the technology to market.
Titan Aerospace is a New Mexico based company led by the ex CEO of Eclipse Aviation Vern Raburn. It was founded in 2012 by Max Yaney. The video below provides an overview of their drones.