Elon Musk Wants to Build a Second Internet in Outer Space to the Tune of $10 Billion Hundreds of orbiting satellites would not only improve the flow of data on our current Internet, but also connect the 1 million colonists that Musk hopes to send to Mars.

By Geoff Weiss

Opinions expressed by BIZ Experiences contributors are their own.

In November, we reported that Elon Musk had hatched a plan to deliver Internet access to underserved regions of the globe by launching hundreds of tiny satellites into space. However, as is his wont, it turns out Musk's scheme is actually far more ambitious.

The visionary BIZ Experiences will construct a second Internet in outer space -- one that could theoretically connect the 1 million colonists he's hoping to send to Mars by century's end in order to fend off human extinction.

The as-yet-unnamed venture would see hundreds of communication satellites orbiting 750 miles above the earth -- which could take years to construct and cost around $10 billion, Musk told Bloomberg Businessweek.

In addition to intergalactic connectivity, the network would also speed up the flow of data on our current Internet. The service "would, in theory, rival fiber optic cables on land while also making the Internet available to remote and poor regions that don't have access," according to the report.

Related: Elon Musk to Build 'Hyperloop' Track, Likely in Texas

Of course, Musk isn't the only BIZ Experiences looking to build a space Internet. While rumors initially swirled that Musk was teaming up with former Google exec Greg Wyler to develop such satellites, it turns out the two might actually become competitors.

Last week, Wyler's OneWeb startup -- whose mission is also to bring Internet access to people living in underserved areas -- announced that Qualcomm and the Virgin Group had come onboard as investors.

While Musk said that his satellites are more sophisticated than Wyler's and that there should be two competing systems, OneWeb investor Richard Branson urged a more cooperative approach.

"Greg has the rights, and there isn't space for another network," he told Businessweek. "Like, there physically is not enough space. If Elon wants to get into this area, the logical thing for him would be to tie up with us, and if I were a betting man, I would say the chances of us working together rather than separately would be much higher."

Related: 3 Business Takeaways from Elon Musk's Reddit AMA

Geoff Weiss

Former Staff Writer

Geoff Weiss is a former staff writer at BIZ Experiences.com.

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Science & Technology

OpenAI's Latest Move Is a Game Changer — Here's How Smart Solopreneurs Are Turning It Into Profit

OpenAI's latest AI tool acts like a full-time assistant, helping solopreneurs save time, find leads and grow their business without hiring.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Starting a Business

I Built a $20 Million Company by Age 22 While Still in College. Here's How I Did It and What I Learned Along the Way.

Wealth-building in your early twenties isn't about playing it safe; it's about exploiting the one time in life when having nothing to lose gives you everything to gain.

Money & Finance

These Are the Expected Retirement Ages By Generation, From Gen Z to Boomers — and the Average Savings Anticipated. How Do Yours Compare?

Many Americans say inflation prevents them from saving enough and fear they won't reach their financial goals.

Business Solutions

Boost Team Productivity and Security With Windows 11 Pro, Now $15 for Life

Ideal for BIZ Experiencess and small-business owners who are looking to streamline their PC setup.