A Google (NASDAQ:GOOGL) subsidiary is in the midst of finalizing a deal that would allow the company control of much of Silicon Valley's iconic Moffett Field. Yet there may be more to this arrangement than easy runway access, Fool contributor Tim Beyers says in the following video.
Two elements are at play. First, Google's Planetary Ventures would take control of and clean up Hangar One, shuttered since 1997 after the agency found evidence of toxic residue in the facility, Wired reports. Second, Google would get greater access to the Moffett Federal Airfield where several of its executive private jets are already parked. (Though the government would retain rights to use the airfield if needed.)
Importantly, the deal also promises to further Google's existing relationship with NASA. The two have been partnering since at least 2006. More recently, Wired says they've been collaborating at the nearby Ames Research Center to develop what's called a "quantum" computer. The hope? Find a faster alternative to the traditional server. Add it up, Tim says, and it looks like just the sort of crazy bet that ensures Google's growth story will remain intact for years to come.
Now it's your turn to weigh in. What do you think of Google's dealings with NASA? Please watch the video to get Tim's full take and then leave a comment to let us know whether you would buy, sell, or short Google stock at current prices.