SpaceX launched its fourth batch of internet-beaming satellites Wednesday as the company makes an unprecedented push to build a broadband internet business by deploying hundreds of satellites in one year.
About 60 small satellites were fired into orbit atop a SpaceX Falcon 9 rocket from Cape Canaveral Air Force Station in Florida. Liftoff occurred shortly after 9 a.m. ET. This batch of satellites will join more than 170 others that SpaceX launched on three previous missions. As many as 22 more launches are lined up for 2020, potentially growing the company's broadband constellation — called Starlink — to more than 1,500 satellites.
Read MoreIt's a business plan that could bring in billions of dollars per year in revenue for SpaceX, according to CEO and chief engineer Elon Musk. But it also comes with enormous questions -— and risks.The price of building and launching the satellites will likely run as high as $10 billion, according to one early estimate from the company. There are also technical hurdles, such as how to build affordable user terminals.
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