SpaceX wants to beam internet across the southern U.S. by late 2020
CNNNew York CNN Business — SpaceX wants to become one of the world’s largest internet providers by deploying a constellation of thousands of satellites to beam broadband from space. SpaceX recently asked regulators for permission to rearrange its planned constellation, dubbed Starlink, in a way that would allow fewer satellites to cover more territory, according to documents filed with the Federal Communications Commission. Separately, a report published by Morgan Stanley on Tuesday estimates that Starlink could turn SpaceX into a $52 billion company, adding about $20 billion to its current valuation and potentially making it the most valuable private company in the US. FCC Chairman Ajit Pai last year applauded Starlink as an “innovative technology” that could help “reach Americans who live in rural or hard-to-serve places” that ground-based services don’t reach.