Capitol Report: FCC approves request for SpaceX to send over 7,000 satellites into space [MarketWatch]
Loral Space and Communications, Inc. (LORL)
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Source: MarketWatch
FCC approves request for SpaceX to send over 7,000 satellites into space In an effort to expand global connectivity, on Thursday the Federal Communications Commission approved the requests of Elon Musk’s SpaceX to deploy over 7,000 orbiting satellites into space. With more orbiting satellites in space, it is expected that more Americans, especially those living in rural areas as well as people in developing countries, will be able to access high-speed internet. While the FCC previously gave SpaceX the go-ahead to deploy 4,425 satellites in March, they regulated the altitude at which they could be deployed at. This was due to concerns about the increasing amount of orbital debris which FCC Chairman Ajit Pai reiterated on Thursday. “Even a centimeter-wide object can wreak devastating damage to satellites,” Pai said. Furthermore, orbital debris could also impair space exploration efforts. Given these concerns, the Commission granted SpaceX conditional permission to deploy more satellites
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