Elon Musk wants to spend $10 billion to build internet in space

Tesla CEO Elon Musk has talked about his satellite internet plan at a SpaceX event in Seattle saying that his unnamed Space Internet venture could stretch till Mars costing 10 billion dollars. The satellite internet plan would be a fast and cheap global internet that is not impeded by terrestrial wires.

Tesla CEO Elon Musk has talked about his satellite internet plan at a SpaceX event in Seattle saying that his unnamed Space Internet venture could stretch till Mars costing 10 billion dollars. According to The Verge, the news came at the tail end of a busy week for Musk, with the CEO announcing that a five-mile Hyperloop test track is in development only a day earlier.

Musk said that the satellite internet plan would be a fast and cheap global internet that is not impeded by terrestrial wires.

He said that the speed of light in the vacuum is 40 percent faster as compared to fiber.

Musk expects the project to take 10 billion dollars and at least five years to get off the ground.