Elon Musk: Satellites and Data Networks

elon musk: Companies like Elon Musk's SpaceX, Leo Sat Enterprises, and Canada's Telesat are working to enable data networks with hundreds or even thousands of tiny satellites that orbit closer to Earth than traditional communications satellites, a radical shift made possible by leaps in laser technology and computer chips. ; The growth in satellites will spur demand for rocket launch services, and a handful of venture-backed rocket companies are developing smaller boosters to deploy the smaller satellites at lower cost, according to The Japan Times. We are looking in the next five years at potentially 10,000 satellites needing to be launched and we don't have the launch capacity at this moment to do that, said analyst Marco Caceres of aerospace consultancy the Teal Group. A successful launch could mark a new era in the satellite services industry. The Arianespace Soyuz rocket lifted off from Kourou, French Guiana, at 6 37 p.m. local time, carrying satellites made by the Airbus-One Web joint venture called One Web Satellites in Toulouse, France. It could take 24 hours to fully assess their condition. The refrigerator-sized satellites were expected to reach an altitude of 1,000 kilometers 620 miles more than an hour after launch. (news.financializer.com). As reported in the news.