Will SpaceX's Internet Satellite Change the Broadband Game?
Elon Musk’s latest mission is to deliver Americans their internet from space.
The billionaire’s company SpaceX is set to launch two experimental satellites Saturday, the first step in building a large network that could disrupt the broadband industry.
“Satellite internet today, which does exist and is accessible in rural areas, is taken from geostationary orbits, which means they’re super high up, and they stay over one spot on the Earth all the time,” said Space.com associate editor Sarah Lewin. “Whereas SpaceX’s technology would be a lot more satellites, smaller, and not in geostationary orbits. They would be moving around the Earth and giving a lot more coverage.”
Musk is testing a project called Starlink, a constellation of thousands of non-stationary satellites, which aims to improve internet access in hard-to-serve and rural areas. The project is part of an initiative that Musk announced back in 2014, in which he promised “unfettered” and “very low-cost” internet for the masses.
But SpaceX is not the only company in the game. OneWeb, Space Norway, and Telesat have also submitted applications to the FCC.
For full interview [click here](https://cheddar.com/videos/spacexs-mission-wifi).
WSJ reporter Ray Smith breaks down why more companies are offering ‘dry’ promotions – a responsibility or title bump with no pay raise – and the pros and cons of accepting them.
Apple says a Justice Department antitrust lawsuit accusing it of engineering an illegal monopoly in smartphones in the U.S. is “wrong on the facts and the law.”
As Reddit shares begin trading at the NYSE, ‘Einstein of Wall Street’ Peter Tuchman breaks down the social platform’s debut and what it means for the overall IPO market in 2024.
CEO and co-founder of Alix, Alexandra Mysoor, discusses why it’s so important for everyone, regardless of income, to both plan and settle their estates.
After the Fed forecast three cuts to come in 2024, Kevin D. Mahn, President and CIO at Hennion & Walsh Asset Management breaks down why the market looks strong, and he sees some reasons for concern in Reddit’s choice to IPO.
Federal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation was surprisingly high at the start of the year.