Elon Musk’s next big thing: 40,000 satellites beaming broadband
After overturning the economics of the car and the rocket-launch industries, the billionaire is upending space communications.
Every few years, someone comes along promising to disrupt the satellite industry. They burn through billions in cash before ambition crashes back down to Earth. Since the late 1990s, Globalstar, Iridium, Leosat, Skybridge, Teledesic, and other companies have tried to rewrite space communications, only to collapse or shrink into a niche that poses little threat to the incumbents.
Now comes Elon Musk. After overturning the economics of the car and the rocket-launch industries, the billionaire is taking a hatchet to another fraying business model – space communications – by filling the skies with thousands of satellites that beam internet to isolated populations. His Space Exploration Technologies Corporation sent up the first Starlink satellites in May 2019, and as of early this month it had deployed almost 700, single-handedly increasing the number of active satellites in orbit by almost a third.
Bloomberg Businessweek
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