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.
Stocks were mixed at the open but Wall Street was heading for a losing week as investors digested the hints that the Federal Reserve could raise rates before the end of the year.
Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers.
