Elon Musk Confirms Plans To Launch Satellites For ‘Low-Cost’ Internet Access World-Wide

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CBS San Francisco

(CBS SF) — SpaceX founder and CEO Elon Musk confirms plans to launch a fleet of small satellites to deliver low-cost Internet access around the world.

A full announcement is expected to come in two to three months, but in the meantime, Musk tweeted this:

Musk followed up with more detail on the purpose of the micro-satellite system, clarifying it would lead to “unfettered” internet access for the masses “at very low cost.”

Rumor first circulated about SpaceX’s possible plans to launch as many as 700 satellites last week. The Wall Street reported the machines would weigh less than 250 pounds and could cost about $1 billion…

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