{"id":221338,"date":"2016-06-10T09:39:01","date_gmt":"2016-06-10T09:39:01","guid":{"rendered":"http:\/\/citifmonline.com\/?p=221338"},"modified":"2016-06-10T09:39:01","modified_gmt":"2016-06-10T09:39:01","slug":"googles-larry-page-spends-100-million-to-build-flying-cars","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/06\/googles-larry-page-spends-100-million-to-build-flying-cars\/","title":{"rendered":"Google’s Larry Page spends $100 million to build flying cars"},"content":{"rendered":"
Elon Musk may be building cars and rockets, but Google cofounder Larry Page is bringing those passions together: according to a new Bloomberg Businessweek story, Page has spent more than $100 million funding two different self-driving car startups.<\/p>\n
Page, CEO of Google\u2019s parent company Alphabet, is currently the 12th-wealthiest person on the planet, with just under $37 billion.<\/p>\n
He has, along with his billionaire business partner Sergey Brin, turned Google from a search engine company to one that takes moonshots on everything from self-driving cars to curing cancer.<\/p>\n
But flying cars are a new one, and its reportedly a side project with no funding from Alphabet.<\/p>\n
According to Businessweek, Page has been personally funding startup Zee.<\/p>\n
Aero since its launch in 2010. He installed the company in the first floor of a building near Google\u2019s Mountain View headquarters, initially taking the second floor for himself as a \u201cman cave\u201d that included \u201cexpensive paintings, a treadmill-like climbing wall, and one of SpaceX\u2019s first rocket engines.\u201d Zee.Aero employees referred to Page as GUS, the guy upstairs.<\/p>\n
Zee.Aero\u2019s goal is to build a small, all-electric plane that can take off and land vertically like a helicopter. The startup apparently has two prototype planes that it tests at an airport in Hollister, CA. One of Zee.<\/p>\n
Aero\u2019s early leaders was Ilan Kroo, an aeronautics professor at Stanford. His name is on multiple patents awarded to Zee.<\/p>\n
Aero, including this 2011 aircraft design:<\/p>\n
\n–
\nSource: Forbes<\/p>\n","protected":false},"excerpt":{"rendered":"
Elon Musk may be building cars and rockets, but Google cofounder Larry Page is bringing those passions together: according to a new Bloomberg Businessweek story, Page has spent more than $100 million funding two different self-driving car startups. Page, CEO of Google\u2019s parent company Alphabet, is currently the 12th-wealthiest person on the planet, with just […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[106],"tags":[],"yoast_head":"\n