As anyone who's stuck paying an onerous bill to a local internet monopoly will agree, there's a great market opportunity out there for any company that could offer a global wireless internet connection. SpaceX has been working on just that since 2015, developing a broadband satellite constellation called Starlink. A recent article in SmarterAnalyst proposes that Tesla could be an integral part of the plan.
According to SmarterAnalyst, SpaceX is set to invest around $10 billion in Starlink. Satellite launches are scheduled to begin in 2019 and be completed by 2024. Starlink's satellites will be located just 210 to 750 miles above the ground, one of the lowest satellite constellations ever launched. The lower the satellites, the faster communication speeds can be. Starlink hopes to offer internet speeds of 1,000 Mbps, comparable to 5G (about 1,400 Mbps). However, to provide the blazing fast connection speeds Starlink is promising, it needs to have ground transceivers – small terminals mounted on customers' homes or businesses, analogous to satellite dishes.