[CNBC] Elon Musk's SpaceX wants to launch thousands of satellites into space with the aim of providing super-fast global internet coverage, according to a regulatory filing.
SpaceX ‐ the company on a mission to colonize Mars ‐ outlined plans to put 4,425 satellites into space in a Federal Communications Commission (FCC) filing from earlier this week.
That's three times the 1,419 satellites that are currently in space, according to the Union of Concerned Scientists, a not-for-profit group made up of scientists across the world.
Billionaire Musk ‐ who is also the chief executive of electric car company Tesla ‐ first announced plans for the project in 2015, with an estimated cost of around $10 billion. The FCC filing did not outline the financials of the project.
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