How Google Plans To Expand Into A Massive, Untapped Market

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About: Alphabet Inc. (GOOG)
by: Brian Tesch
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Brian Tesch
Growth at reasonable price, Growth, short-term horizon, activist investor

Just recently Google (NASDAQ:GOOG) has announced its decision to lease Moffett Federal Airfield and Hangar One from the National Aeronautics and Space Administration (NASA) (SFGate 1). All that has been officially released is that Google will refurbish the hangar. Hangar One, which was built in 1932 and is one of the world's largest self-supporting structures, has floor-space covering more than 8 square acres. Hangar One was once used by the Navy to house the USS Macon, a World War 1 blimp. Which leads us to one question: What value would Google see in this building and be willing to sign a company lease for the structure at 2 million a year, plus an estimated 33 million