Elon Musk, has announced plans to use hundreds of satellites placed 750 miles above the Earth, far lower than existing communications satellites for a space Internet project that would provide faster, cheaper access around the globe. The $15 billion plan would speed up the transfer of data and give better coverage to people who do not have it.
Mr. Musk said "The speed of light is 40 per cent faster in the vacuum of space than it is for fiber. The long-term potential is to be the primary means of long-distance Internet traffic and to serve people in sparsely populated areas." According to him, it could take at least five years to get the first satellites ready.
