Musk previously evaluated the cost of the project at least $10 billion. Financial backers of the company, whose full name is Space Exploration Technologies Corp, include Alphabet’s Google Inc and Fidelity Investments, which together have contributed $1 billion to Musk’s space launch firm. If approved, the first 800 satellites 800 satellites will expand internet access in the United States, including Puerto Rico and the U.S. Virgin Islands. “The system is designed to provide a wide range of broadband and communications services for residential, commercial, institutional, government and professional users worldwide,” SpaceX detailed in the request tu FCC. It’s not clear if developing a such satellite network near the Earth will have an impact with future rockets launch in space.Other internet-via-satellite networks are under development by privately owned OneWeb and by Boeing Co.