United States

Satellites could save Americans $30 billion on internet bills

Upcoming satellite technology could lower prices for internet services, a new report predicts. Low Earth Orbit (LEO) satellites from Elon Musk’s SpaceX Starlink project and Jeff Bezos’ Project Kuiper could save American households more than $30 billion per year by introducing more broadband competition, according to a report from BroadbandNow. “The arrival of this emergent technology is likely to drive down monthly internet prices for hundreds of millions of Americans,” the report said. In short, the more broadband internet services available in an area, the lower the price consumers will pay on average. These LEO satellites orbit the planet between 99 to 1,200 miles, compared to 22,000 miles for traditional GEO satellites. T ...