The FCC approved SpaceX request for access to additional frequencies and to operate an additional 7,500 satellites at very low-Earth altitudes.
In March, the FCC had approved SpaceX initial plan for a constellation of 4425 satellites.
Market access approval has been given to Telesat, Kepler Communications and LeoSat to offer high-speed internet service and connectivity for sensors and other intelligence devices.
Telesat Canada will use a network of 117 satellites to offer high-speed U.S. communication services.
Premium Internet Connections Between Financial Centers
Light travels 45% faster in the vacuum of space compred to fiber optic cable. SpaceX will be able to provide shorter delays (lower latency) at high bandwidth.
A 3-millisecond decrease in one-way communication time between the Chicago and New York areas was worth about $100 million per year.
The top 20 financial cities will pay one to three billion dollars each year for faster connections via an internet network in space.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.