Globalstar Inc (GSAT)

[Bouray00]

I'm surprised there are no comments today on the SA article regarding Elon Musk.

WSJ: Elon Musk thinking of launching 700 Web satellites • 2:12 PM
Eric Jhonsa, SA News Editor
• Elon Musk (of PayPal/Tesla/SolarCity/SpaceX fame) is working with Greg Wyler (founder of satellite startup/spectrum owner WorldVu) on building and launching cheap, lightweight satellites that would blanket the Earth with Internet access, the WSJ reports.
• Musk and Wyler are said to have "discussed launching around 700 satellites, each weighing less than 250 pounds." The WSJ observes such a constellation would be 10x as large as Iridium's (NASDAQ:IRDM), currently the world's largest, and would likely cost $1B+ to finance.
• Whereas the cheapest telecom satellites currently cost several million dollars, WorldVu is reportedly hoping to build satellites with a sub-$1M manufacturing cost. Sources state Musk/Wyler are thinking of building a manufacturing plant, and that WorldVu is looking for a satellite industry partner to "lend expertise." Musk's SpaceX would launch the hardware.
• In June, the WSJ reported Google is looking to spend as much as $3B+ to build a fleet of satellites providing Web access to unconnected/underserved regions. Since then, Google has bought satellite imagery services firm Skybox Imaging, while stating Skybox's satellites could also be used to "improve Internet access."
• Wyler was working for Google before departing this summer. Sources state he left in part due to concerns about Google's lack of manufacturing expertise.
• Other satellite services firms Musk/Wyler's efforts could have implications for: GSAT, VSAT, LORL, I.

Any thoughts, good or bad?