SpaceX just launched 60 Starlink satellites into space on its Falcon 9 rocket.
The launch happened at NASA’s launchpad in Cape Canaveral, Florida.
It’s the start of a major initiative that could hand one little-known company $50 billion to $80 billion in annual sales!
The SpaceX Falcon 9 rocket launched at 9:57 a.m. on Monday.
Two minutes later Falcon 9 reached an altitude of 174 miles. And the rocket deployed the 60 satellites for orbit around earth.
Just eight minutes after takeoff, the Falcon 9 had landed on a floating landing pad in the Atlantic Ocean.
This is part of the SpaceX Starlink project. The company plans to launch 12,000 satellites to bring high-speed internet to rural parts of the world.
Each satellite is the size of a small table. Yet the satellites can provide Internet speeds that are 50% faster than existing fiber optics.
The ultimate goal is to complete the project within seven years.
Once completed, the satellites will provide high speed and low-cost Internet access worldwide.
Last month, SpaceX announced that the company has applied to launch an additional 30,000 satellites.
The total cost of the project is expected to be $10 billion.
Yet SpaceX CEO Elon Musk says Starlink could generate $50 bilion to $80 billion in annual sales! And that’s an impressive return-on-investment (click here to profit with a “founder’s share certificate).
Let me be 100% clear.
This happened this week. And it’s the future of commercial space.
Private companies are rushing to grab a piece of this market that Merrill Lynch says will be worth $2.7 trillion annually.
The smart money investors are jumping into the space business. And chances are very good that you’re still on the sidelines.
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