SpaceX appears to have caught the eye of Google. According to The Information’s source, “Google has agreed to value SpaceX north of $10 billion.” Wow… That’s some expensive satellite internet.
Last week, Elon Musk talked about his plans for satellites to deliver affordable internet to billions of people. While talking to Bloomberg Businessweek, Musk said his satellite internet project would not face obstacles seen on the ground. “The speed of light is 40 percent faster in the vacuum of space than it is for fiber,” he says.
Musk envisions hundreds of these satellites 750 miles above the Earth. The system would provide fiber-like speeds to every person on Earth.
Musk doesn’t want to just limit himself to Earth. One of SpaceX’s long-term goals is a colony on Mars. And, Musk wants his internet project to extend all the way there too.
“It will be important for Mars to have a global communications network as well,” he says. “I think this needs to be done, and I don’t see anyone else doing it.”
When will we start paying SpaceX for our internet? Musk told Bloomberg Businessweek it will take at least five years to get it active. Plus, it will cost around $10 billion. Well, Google is about to give them a healthy chunk of money.
Hopefully, we see this project happen in the next decade. With Elon Musk at the helm, I’m optimistic. And, if it gets rid of my data cap with Comcast – I’m on board.