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Elon Musk’s Next Big Thing Is 40,000 Satellites Beaming Broadband
Elon Musk is taking a hatchet to another fraying business model—space communications.
18 Sep 2020, 07:44 PM IST
(Bloomberg Businessweek) -- Every few years, someone comes along promising to disrupt the satellite industry. They burn through billions in cash before ambition crashes back down to Earth. Since the late 1990s, Globalstar, Iridium, Leosat, Skybridge, Teledesic, and other companies have attempted to rewrite space communications, only to collapse or shrink into a niche that poses little threat to the incumbents.
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