On Thursday, a SpaceX spokesperson announced that the Federal Communications Commission has just green-lighted the company low-orbit broadband satellite plan. The announcement came years after trying to apply for a permission. It’s the first time the FCC approves a low-orbit internet system by a privately-held company.
Broadband Constellation to Be Operational Within Six Years
Shortly after Musk announced on his Twitter account that the Boring Company will begin producing Lego-like bricks made entirely from excavated earth, SpaceX’s co-founder and CEO, recently declared that Starlink has been approved.
For those of you who are unfamiliar with SpaceX’s project, several years ago, Musk, among other came up with the idea of making high-speed internet available to everyone by launching a series of microsatellites into low orbit.
Musk’s initiative might appear to be similar to Google’s Project Loon’s Internet Balloon but think bigger in scale. Starlink, at least on paper, features an intricate network comprised of approximately 12,000 microsatellites capable of covering a much larger area than any internet providing machine.
And now, a company’s spokesperson announced that the Federal Communications Commission has approved SpaceX’s Starlink project which should become operational sometime during the next decade.
According to the company, Starlink will occupy and operate in an FCC unclaimed spectrum on transmission. Once completed, the broadband constellation, as Musk likes to call it, will be capable of providing most people with high-speed Internet.
Musk managed to prove that SpaceX’s initiative is not only beneficial but feasible as well earlier this year when it launched two satellites.
The FCC’s approval comes with a small footnote – within the next six years, SpaceX must prepare and launch at least half of its proposed 12,000 satellites.
As far as projected revenues go, Musk declared that by 2025, the company will rake approximately 40 million Starlink subscribers which translates to $30 billion in annual revenue.
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