SpaceX COO Gwynn Shotwell said that SpaceX will launch dozens of Starlink Satellites on May 15, 2019.
SpaceX will launch three to seven Starlink missions in 2019.
The May 15 launch will carry dozens of satellites.
SpaceX needs at least 800 to start a commercial service.
Light travels 45% faster in vacuum versus fiber optic cable. Lasers for Starlink satellites will enable fast low latency connections.
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.
The SpaceX Starlinks could save 30-50% of the latency time. This is because the speed of light is almost twice as fast in space as it is in a glass fiber. The value for the Starlink financial latency reduction should be even higher. Let us say it is double the New York to Chicago price. This means the premium pairing of the top 30 financial cities is worth over $80 billion per year. Other industries may pay for premium pairing but there has to be a lot of money involved and value for shaving 30 milliseconds at some time in the year.
SOURCES – Twitter, Spacenews, SpaceX
Written By Brian Wang
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.