Super-fast internet from satellites is the next big thing in the space race.
As the global space race heats up, an increasing number of satellites is set to be launched into orbit by various companies working in the sector, according to the CEO of an
-based space start-up.
Much funding has gone into satellite activities that could benefit people on earth, and that includes new developments in areas such as satellite broadband internet, said Adam Gilmour from Gilmour Space Technologies.
“There’s been billions and billions of dollars put into what’s called ‘new space’ — and it’s really about how space companies with satellites can benefit people on the planet: the farmers, the people with mobile phones, the miners, logistics companies, the list goes on and on,” Gilmour told CNBC’s “Capital Connection” on Friday.
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OneWeb Satellites opens mass production facility in Florida
OneWeb Satellites, a joint venture between OneWeb and Airbus, opened a production facility in Florida to offer “high-volume, high-speed” fabrication of satellites to provide internet connections.
The company says that in contrast to traditional satellite manufacturing – a task that normally requires tens of millions of dollars and more than a year – OneWeb Satellites will use “industrial-scale mass production techniques” that will both reduce costs and result in the completion of up to two satellites in a single day.
According to OneWeb Satellites CEO Tony Gingiss, this will result in the rapid expansion of internet connectivity all over the world.
The new facility is expected to bring 250 high-tech jobs and 3,000 indirect jobs to Florida’s Space Coast.