What is Behind Google Inc's Satellite Project?

Is this more looniness from Google? There are new reports that indicate that the web search giant wants to use a network of small, low-orbit satellites to help expand Internet access across the globe. While the developed world is mostly connected, only a third of the population of developing economies, where traditional infrastructure is lacking, goes online. If Google is to continue growing its advertising revenue derived from search, part of the strategy might involve a plan to increase the number of people who surf the web. More

(Source: Motley Fool - Jun 7)