SpaceX is in talks to receive an investment from Google that would finance an ambitious plan to provide high-speed Internet access through hundreds of satellites, according to The Information.

The deal would reportedly value SpaceX at more than $10 billion.

Google began looking into developing satellite Internet networks in April when it acquired solar-powered drone manufacturer Titan Aerospace, whose products aim at delivering Internet access while in flight. A couple months later, reports emerged that the Mountain View tech giant planned to invest $1 billion in developing and funding satellite Internet technology.

SpaceX Chief Elon Musk first hinted at his “Space Internet” project in November, tweeting that the Hawthorne company was in early development of micro-satellites capable of operating in large formations. The enigmatic businessman, who also heads electric vehicle manufacturer Tesla Motors, then announced last week that the still unnamed venture, which would deliver low-cost Internet to more remote areas of the world, would rely on low-flying satellites that could transmit data packets at faster speeds than currently capable through land-based routers and networks.

“Our focus is on creating a global communications system that would be larger than anything that has been talked about to date,” Musk told Bloomberg Businessweek before opening SpaceX’s Seattle office on Friday.

One place that Musk hopes to connect via satellite Internet includes none other than Mars, where the space entrepreneur has made no secret his desire to set up a Red Planet human colony.

A SpaceX representative declined to comment. Representatives for Google could not be reached.

Staff reporter Melissah Yang can be reached at [email protected]. Follow her on Twitter @MelissahYang for the latest in L.A. tech news.