Sarah Lewin, associate editor at Space.com, discusses SpaceX's upcoming launch of two satellites that will try to beam internet around the globe from space. Lewin says the more profound part of the mission is the satellites are "non-geostationary," which means unlike other satellites in space, they will move while broadcasting a signal. The Wall Street Journal recently estimated that SpaceX expects to have 40 million subscribers to the service by 2025, amounting to $30 billion in revenue a year.

Share:
More In Business
Trump Administration Shutters Consumer Protection Agency
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
Load More