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).
The plans would include nearly 20,000 homes initially for 50,000 residents and could grow to 400,000 people.
In an annual assessment of global inequalities, Oxfam International said the first trillionaire could emerge within the next decade — as the anti-poverty organization pointed to the growing wealth gap that skyrocketed globally during the pandemic.
The Biden administration proposed a cost drop for overdrawing bank accounts, which it says could particularly relieve Americans living paycheck to paycheck.
With thousands of layoffs in tech and beyond, how workers can keep their skills sharp, plus reasons to be hopeful when looking at the job market.
Taking a look at investment strategy as the new year gets into full swing.
Americans stepped up their spending in December more than expected, closing out the holiday season and the year on an upbeat tone. The Commerce Department said retail sales rose 0.6% in December compared with a November’s 0.3% increase.
A New York architect charged in a string of slayings known as the Gilgo Beach killings was accused in a 25-year-old Connecticut woman's death.
Uber purchased Drizly in a cash-and-stock deal for $1.1 billion in 2021. The drink delivery app will shut down in March, according to Uber.
After Donald Trump's victory at the Iowa caucus, Nikki Haley and DeSantis continue their campaigns as New Hampshire's primary looms.
Christine Short, VP of Research at Wall Street Horizon, shares insights on small and big banks earnings, a fresh round of layoffs in the tech world, and what to expect from upcoming rate decisions.
