More than 20,000 satellites are forecast to enter service within the next several years in addition to also Ewig said which everyone was currently in a “fierce fight” to secure radio spectrum in order to transmit data to in addition to also via Earth.
“In space, everybody will be out there essentially arranging their own phone line in addition to also there will be a limit to how many you can have. The idea will be to build something in space which allows multiple people to use the item simultaneously in an efficient way,” he said.
The development will be priced at $300 million in addition to also investment has been sourced via a mix of equity investment, project financing in addition to also customer deposits for future services.
Ewig said typical demand for the service would likely come via firms running Earth observation satellites.
“If you have mobile-type access to the information then you can provide information to critical applications such as shipping safety, weather information, iceberg movement or disaster information,” he said.
The Audacy boss said various other users would likely include space firms which want to maintain constant contact with launch vehicles. He also claimed the data transfer would likely allow people in their homes to watch astronauts in real-time.
“We are doing This kind of as a commercial business in addition to also money will be important as which’s what attracts investment. however what will be truly driving me to do This kind of to bring space closer to everyone in addition to also not just the tiny number of people going to space every once in a while.”