The Wall Street Journal reported Elon Musk is thinking about partnering with Greg Wyler, founder of WorldVu Satellites Ltd, to launch around 700 global internet satellites.
This is an interesting development because it comes shortly after Musk announced a $75 million loss and delayed the Tesla Model X SUV… Again!
While there is currently no agreement in place, the Wall Street Journal says the satellites Musk is interested in would weigh less than 250 pounds and be half the size of the smallest satellites currently being used commercially for communication.
The project would cost around $1 billion but SpaceX will have to spend money in order to compete with Google who recently acquired Titan Aerospace, to control the “internet from above” market.
One thing is certain. Elon Musk throws out ideas all the time, many of which have yet to come to fruition.
Unlike Musk’s Hyperloop, high-speed train idea though, investing in global internet satellites seems much more viable and more likely to happen in the near future.