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Facebook, Titan Aerospace Talk Deal

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March 04, 2014 AT 1:50 PM
Facebook is reportedly in talks with solar drone maker Titan Aerospace to buy the company for $60 million. The move could help Facebook, one of the major backers of Internet.org, achieve one of the initiative's goals: to bring internet connectivity to the world. Titan's atmospheric drones are solar-powered and can run for up to five years without landing. The deal, first reported in TechCrunch, means that Facebook could use the "atmospheric satellites" - a distinction that suggests they would fly above FAA-regulated space, to increase regional connectivity. The drones could also be used for weather monitoring or earth imaging.