Elon Musk looking to blanket the planet with 700 microsatellites
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Although still in the planning stages, SpaceX may end up helping in the construction and launch of the largest fleet of satellites yet.
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"the venture is in its formative stages, and Mr. Musk's participation isn't certain."And it's a decidedly poor investment at that... Companies that have attempted similar business models tend to go bankrupt. See: Iridium. It's a hard business having to pay to launch hundreds of satellites, while not being able to sell to customers until completed, and most everyone with significant money to spend have other, better, local options (wired or cellular).
SpaceX is still in the early stages of developing advanced micro-satellites operating in large formations. Announcement in 2 to 3 months.
I think it's a more viable option than the solar-powered drones or balloons that Google and Facebook are toying with, but they'll need the cash reserves of those two huge companies to make it workable.Sounds like Elon Musk is following my advice: