One Reason To Start Internet Business
As I have noted, we are moving into the era of immersive internet connectivity by 2022. And as that happens, think what you can build for the web. SpaceX’s Starlink is a big deal
The Federal Communications Commission recently approved Elon Musk’s request for SpaceX to launch 7,518 satellites into low-Earth orbit. Combined with the 1,886 currently active satellites and 4,425 previously approved satellites, Musk plans to create a global constellation of satellites for his proposed Starlink Broadband Network. SpaceX is expected to spend over $10 billion on the Starlink project with the intention to create a universal internet network with latencies as low as 25ms and gigabit speeds that will rival existing cable or fiber optic systems.
Why it's important: The Internet will soon be accessible from all areas of the planet, including rural locations with poor or no network connectivity. This democratization of the Internet will enable billions of new minds with purchasing power and entrepreneurial creativity to connect online, sparking an economic revolution unlike any we've previously experienced (Diamandis newsletter)
