Internet has helped boosting globalization. To meet the increasing demand, many billionaires like Elon Musk and Jeff Bezos are busy in investing in the satellites. On the other hand, many other existing companies are having troubles in this sector.
Elon Musk, through his Space X program had launched the 60 Starlink satellites. It was launched from Cape Canaveral at Florida, in the past month and had managed to create sightings of a number of unrecognized flying objects. Elon Musk had to defend the program from the accusations placed on it – for causing the space debris that can be a potential threat in the field of astronomy. In his defense he said that there are around 4,900 satellites in the space, orbiting the planet and no one has noticed them yet. Thus without any careful observation, the Starlinks will not be seen, therefore having no impact on the development in the field of astronomy. Tesla’s launch of these 60 satellites was the pioneer stage of their dream project which involves the creation of mega constellation which will consist of almost 12,000 satellites.
The Starlink project will also contribute to internet usage. The billionaires are investing in number small satellites that will help to connect people from every corner of the world.
The Amazon’s founder – Jeff Bezos also has similar plans. Like many other billionaires he has already invested in the satellite company, namely Blue Origin Rocket Company. Amazon has also officially declared in April about their plan called the Project Kuiper which in intended towards launching their own satellite constellation. Many other billionaires are also setting their eyes on the satellites. The Masayoshi Son’s SoftBank and Richard or Branson’s Virgin Group is involved in the OneWeb start-up. This start-up has gained a profit of $3 billion in order to build their own constellation satellites.