SpaceX, a unit of Elon Musk, sent two test internet satellites into space. This means that Musk has joined a space race that has left many people dreamy of death.
Each company has burned billions of dollars in its dream of providing Internet services to the world through low-orbit satellite systems. Globalstar, a satellite carrier, and Iridium Communications, an Iridium satellite, are on the brink of bankruptcy. The dream is also underpinned by Microsoft founders Bill Gates, Boeing and other investors.
But the bleak reality did not block the progress of nearly two dozen companies. They are scrambling to raise funds to reach out to more Internet broadband users, including many who are beyond the reach of traditional mobile services.
Icon: Falcon heavy rocket (more…)