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Elon Musk has a $10 Billion Project to Get the Internet on Mars

 - Jan 22, 2015
References: businessweek & theverge
In a plan outlined to Bloomberg Businessweek, Tesla CEO Elon Musk described his desire to build Internet on Mars. The $10 billion venture was announced at the recent SpaceX event. The unnamed satellite Internet project will result in fast and cheap Internet accessibility around the world that would be without terrestrial boundaries.

Musk explains "the speed of light is 40% faster in the vacuum of space than it is for fiber." This means low orbit Internet satellites can serve those in remote rural areas. Given recent entrepreneurial endeavors like community-empowering telecoms such as Endaga's CCN1 and outreach from companies like Google, initiatives like this could result in greater access to Internet in developing countries too.

The SpaceX founder also foresees a human colony on the Red Planet in addition to Internet on Mars.