Elon Musk, the billionaire technology entrepreneur, has announced plans for a space internet project that would provide faster, cheaper access around the globe.
The US$15 billion ($19.3 billion) plan would use hundreds of satellites placed 1200km above the Earth, far lower than existing communications satellites.
Doing so would speed up the transfer of data and give better coverage to three billion people who do not have it. The speed would be similar to that of fibre optic cables on land, even given the distance the data has to travel between the satellites and Earth.
Musk told Bloomberg Businessweek: "The speed of light is 40 per cent faster in the vacuum of space than it is for fibre. The long-term potential is to be the primary means of long-distance internet traffic and to serve people in sparsely populated areas.
"Our focus is on creating a global communications system that would be larger than anything that has been talked about to date."