Tuesday, November 11, 2014

1:37 PM
Elon Musk, CEO of both SpaceX and Tesla Motors, soon may be venturing into new territory: the Internet satellite sector. Musk reportedly is working with ex-Googler Greg Wyler, founder of WorldVu Satellites, on a $1 billion project to develop relatively small and inexpensive models that can be used to provide Internet access around the globe. Some 700 diminutive satellites reportedly are part of the pair's plans. Currently, the largest fleet of satellites is roughly a tenth of that number.


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