SpaceX's low-orbit satellites might provide quicker internet connections than the fibre-optic cables that carry most internet traffic
SpaceX, a private rocketry firm founded by Elon Musk, an internet entrepreneur, celebrated its 17th birthday. Despite being old enough to drive, the firm is still occasionally described as a startup. In reality, its ability to slash the cost of rocketry has given it a bulging order book and made it a pillar of the satellite-launch market.
That will make things complicated. For one thing, Starlink will need a lot of satellites. The firm has said the system should be able to begin commercial service with around 800 of them. But applications filed with the Federal Communication Commission, an American regulator, suggest the firm may eventually be planning nearly 12,000.
For some applications, such as voice calls, low latency is nice. For others, such as remote manipulation of machinery, it is vital. Mark Handley, a computer scientist at University College, London, who has done modelling studies of how Starlink might work, thinks financial traders could be one lucrative market.
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