SpaceX Starlink will provide the lowest latency and high 100 Gigabit per second connections. Light travels 45% faster in vacuum versus fiber optic cable. Lasers for Starlink satellites will enable fast low latency connections.
The top ten financial cities could spend $2 billion each per year for premium low latency connections. The next ten could spend $1 billion each per year. The connections would be two each of the other major financial centers.
The estimated ten billion cost of the 4425 satellites in phase 1 of the SpaceX Starlink network would be covered.
SpaceX is getting a loan for $750 million to build its Starlink satellite network and the SpaceX BFR.
A 3-millisecond decrease in one-way communication time between the Chicago and New York areas was worth about $100 million per year. Chicago is the 17th ranked financial center.
From 2013-2018 over $500 million was spent over five years on microwave connections to reduce latency between New York and Chicago.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.