Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      ‘There’s a kind of romance to it’: Cubitts opens King’s Cross hub on site of Victorian stables

      Cubitts The Yard exterior view showcasing modern architecture and design, highlighting its urban business location.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Brentford in talks to host Shakhtar Donetsk Champions League fixtures

      Breaking news update with diverse business professionals discussing market trends in a modern conference room setting

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      New City venue rethinks competitive socialising… again

      Poolhouse at Square Mile City, Liverpool Street with modern architecture, reflecting vibrant urban development

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Monday 19 January 2015 9:09 am

Elon Musk’s space internet: How we could soon have Facebook friends on Mars

By: Sarah Spickernell

Add as a preferred source on Google

Ten years from now, we could be exchanging Facebook messages and tweets with people on Mars.
 
Billionaire investor and inventor Elon Musk has come up with an idea to take the world wide web to a galactic level by setting up a vast network of satellites far out in space. 
 
Some 4,000 of them would orbit the Earth at a distance of 750 miles, which is a far away enough to speed up the internet considerably and offer access to currently underserved areas of the world. 
 
“Our focus is on creating a global communications system that would be larger than anything that has been talked about to date,” Musk told Bloomberg Businessweek ahead of a formal announcement of the plan. 
 
Called the Space Internet venture, it would use electromagnetic rays to provide a fast enough service to rival land-based fiber optic cables. It would also be better than current satellite systems which make cloud-based services such as Skype and online gaming difficult to use. 
 
“The speed of light is 40 percent faster in the vacuum of space than it is for fiber,” Musk said. “The long-term potential is to be the primary means of long-distance Internet traffic and to serve people in sparsely populated areas.”
 
Not only that – the invention will also allow Musk to work on plans for a future Mars colonisation. He found the company SpaceX in 2002 with a purpose of “revolutionising space technology, with the ultimate goal of enabling people to live on other planets”. If he could have it his way, Musk would  put humans on Mars by the mid 2020s.
 
Work on the space internet will start in Musk's Seattle office, with a team of around 60 employees. He hopes with will grow to around 1,000 within three to four years. The network would take at least five years to build and will cost around $10bn. 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Tech

Related Topics

  • Elon Musk
  • Facebook
  • People

Trending Articles

  • Reeves’ new tax charge on cash ISAs faces fierce industry backlash

  • As it happened: Stocks recover after markets rocked by tech-sell off; US claims ‘good foundations’ of Iran deal

  • As it happened: FTSE 100 scrapes into green after Segro’s surge; Oil at pre-war levels after Trump snaps at industry

  • Coca-Cola brings in restructuring lineup over failed Costa sale

  • Treasury confirms scrapping of Lifetime ISA but industry questions remain

More from CityAM

  • Don’t ask SpaceX for projections, reach for the stars

    Opinion
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform
  • Elon Musk becomes world’s first trillionaire after SpaceX mega float

    Wealth
    Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes
  • Will the SpaceX IPO send retail investors into orbit?

    Investing
    Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes
  • SpaceX: To boldly go where no investor comms strategy has gone before

    Opinion
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform
  • ‘Novel and extreme’: Analysts calls out SpaceX governance days before IPO

    Investing
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform
  • SpaceX lands record $75bn raise as Wall Street braces for mega debut

    Tech
    Tech billionaire Elon Musk has been asked to serve in Donald Trump’s cabinet. (Photo by Apu Gomes/Getty Images)
  • Space X to allow British investors to buy into blockbuster IPO  

    Investing
    Elon Musk's SpaceX IPO
  • SpaceX kicks off bond sale as it looks to begin mass borrowing spree

    Markets
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies