Eight of the satellites will be from companies building a global Internet of Things (IoT) by revolutionizing satellite communications.
Most of today’s IoT devices, such as smart meters and agricultural sensors, rely on Wi-Fi or cellular signals, leaving remote areas, farms, and vast expanses of the world’s oceans without connectivity.
The new satellites will let shippers track assets at sea, farmers to check crops, or governments monitor bridges and infrastructure at far lower cost.
Internet of Things space start-ups are planning to lhave constellations of between 60 and 100 satellites. Together with a handful of ground stations, these should eventually get latencies down to about every 15 or 30 minutes. Internet of Things usually only need daily updates.
SpaceX will get experience releasing large numbers of satellites. This will be needed for the SpaceX Starlink internet network. The Starlink system will have revenue providing premium internet connections for financial centers. There will also be internet access fees. Elon Musk has the goal of handling half of the internet’s traffic. Network access fees for half of the internet would be worth billions of dollars every year.
Brian 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.