Elon Musk wants his space internet venture to fund a city on Mars

By Matthew Griffin Connected Society 18th February 2016

WHY THIS MATTERS IN BRIEF

Musk needs to raise $10 Billion to fund his ambitious 2026 Mars flights as well as a Martian City, the profits from this project will help fund his Mars project.

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Elon Musk doesn’t only plan to bring the whole world online using a fleet of low cost communication satellites, he also wants to use the same infrastructure to provide internet on Mars.

Months after confirming the new SpaceX project, Musk has finally said that he plans to send hundreds of satellites to orbit the planet 750 miles above the ground. That’s much farther than the ISS, which maintains an altitude of around 268 miles, but closer than the farthest medium-earth orbit communication satellites at 22,300 miles. Their closer proximity to users means speedier internet and less latency, a problem that dogs satellites in higher orbits, as signals have lesser distance to travel, so it is conceivable that the new system could rival providers who base their networks on fibre optic.

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He has also revealed that the space internet project will operate out of SpaceX’s new Seattle office, starting with 60 employees who will also be working on the Falcon rockets and Dragon capsules. Musk said it will take them more than five years cost them a whopping $10 billion to build the satellites for the project. But the amount isn’t an issue, as SpaceX sees it “as a long-term revenue source for SpaceX to be able to fund a city on Mars.”

Of course, that depends on whether the flourishing private space company manages to shuttle people to the red planet and build a colony.

Another company called OneWeb announced a similar project earlier this week, headed by Greg Wyler, who was reported to be in talks with SpaceX for a joint venture last year. In the end, Wyler and Musk had a “fundamental disagreement about the architecture” of the technology, and Wyler secured funding from Richard Branson’s Virgin Group instead.

Matthew Griffin / About Author

Described by NASA as a "Walking Encyclopaedia of the Future" and one of the world’s most in demand keynote speakers Matthew Griffin, Founder and Futurist in Chief of the 311 Institute, a global Futures and Deep Futures advisory firm, is a multi-award winning Futurist and strategic foresight expert, author, lecturer, mentor, podcast and YouTube host.

With a distinguished career running global business units at Atos, EMC, and IBM today Matthew helps leaders and titans of industry from all over the world explore the impact of the inter sections of technology, culture, and leadership, then helps them create high performance organisations that can continuously disrupt, outpace, and outthink their competition.

15 times author of the hit series the Codex of the Future series Matthew's ability to identify, track, and explain the impacts of hundreds of emerging technologies and trends on global business, culture, and society has earned him a powerful reputation and a roster of clients that include royal households, world leaders across the G7, G20, and G77, and many of the world's most recognised and exceptional organisations including ABB, Accenture, ABN Amro, Adidas, AON, ARM, BCG, Centrica, Citi Group, Coca Cola, Deloitte, Dentons, Disney, Dow, EY, Google, KPMG, Lego, Microsoft, Legal & General, LinkedIn, Nokia, Paramount, PepsiCo, PWC, Qualcomm, RWE, Samsung, T-Mobile, UBS, Visa, WIRED, WPP and hundreds of others.

Matthew is regularly featured in the global media including the AP, BBC, Bloomberg, CNBC, Discovery, Forbes, Khaleej Times, Telegraph, TIME, ViacomCBS, WIRED, and the WSJ, and his mission is to help organisations create a fair and sustainable future whose benefits are shared by everyone irrespective of their ability, background, or circumstances.