UPDATE: Google Confirms Titan Aerospace Acquisition

Google NASDAQ: GOOG) issued the following statement on the acquisition acquisition of Titan Aerospace: “Titan Aerospace and Google share a profound optimism about the potential for technology to improve the world. It's still early days, but atmospheric satellites could help bring internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation. It's why we're so excited to welcome Titan Aerospace to the Google family.”