Musk confirmed in November that his company was working toward constructing and deploying a fleet of up to 700 advanced satellites -- weighing less than 250 pounds each --that would provide low-cost Internet access around the world.
SpaceX's new network, which would be comprised of roughly 4,000 satellites orbiting about 750 miles above earth, would take at least five years to develop and cost around $10 billion, Musk has said.
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