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.
"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.
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.