Google, SpaceX to join forces: Report

Google leapfrogging cable?
Google leapfrogging cable?   

Google and SpaceX are eyeing a deal in which the Mountain View-Calif. tech giant would become an investor in Elon Musk's company, according to a report from TheInformation.com.

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"The purpose of a deal, which is still in the works, is to support the development of SpaceX satellites that could beam low-cost Internet around the globe to billions who don't have it," the report said.

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Terms and price remained undisclosed by both companies, though one source claims Google's investment could be worth over $10 billion, the report said.

Google did not respond to CNBC's immediate request for comment.

SpaceX declined to comment.

Read the full report from The Information here.