November 10, 2014
The CEO of SpaceX and Tesla Motors is getting into the satellite game.
According to a report from The Wall Street Journal, Elon Musk has teamed up with WorldVu Satellites founder and former Google executive Greg Wyler to produce smaller, less-expensive satellites in a bid to bring the Internet to all areas of the globe.
Sources told the WSJ that the pair have talked about launching roughly 700 satellites — which would weigh less than 250 pounds each.
That, the WSJ said, is only half the size of the smallest communications satellites currently being used for commercial purposes.
And at 700 satellites, the fleet would also be more than 10 times larger than that which is operated by Iridium Communications, the world’s leading satellite company.
Musk and Wyler, according to the report, are considering the construction of a satellite factory. The pair have reportedly been discussing the factory location with state officials from both Florida and Colorado.
Although representatives for SpaceX and World Vu Satellites were not available for comment, the sources told the WSJ the deal is still “in its formative stages” and “Musk’s participation isn’t certain.”