Elon Musk Says SpaceX Is Building Low-cost Internet Satellites

Posted: Nov 11 2014, 1:38am CST | by , in News | Technology News

Elon Musk says SpaceX is building low-cost Internet satellites
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Elon Musk, the billionaire entrepreneur and CEO of SpaceX and Tesla Motors, has confirmed that his space company is developing low-cost micro-satellites that will bring Internet access across the globe. The Wall Street Journal was the first to report about Musk's new venture: Internet satellites. According to the report last week, Musk is working with satellite-industry veteran Greg Wyler, the founder of WorldVu Satellites Ltd.

In a post on his Twitter account, Musk confirmed that "SpaceX is in the early stages of developing advanced micro-satellites." He added that the project will be announced in the coming months. When asked if his tweet is pertaining to the arrival of free and unfettered Internet access for the masses, Musk replied "unfettered certainly and at very low cost." In last week's report, the Wall Street Journal said, citing insider sources, that SpaceX is launching around 700 satellites, each weighing 250 pounds or less.

Sources: Wall Street Journal, Elon Musk (Twitter)

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<a href="/latest_stories/all/all/21" rel="author">Gene Ryan Briones</a>
Gene Ryan Briones (Google+) is a technology journalist with a wide experience in writing about the latest trends in the technology industry, ranging from mobile technology, gadgets and robots, as well as computer hardware and software.




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