This New Wave Of Satellite Broadband Could Challenge Cable And Fiber

satellite internet has been the service of last resort for people who live in places where cable and telco broadband can’t reach. But that may begin to change as a next wave of satellite technology begins entering orbit over the earth over the next few years. The “last alternative” role of satellite service may not last forever, though. Changes are afoot in the industry. These new satellites, called Low Earth Orbit or LEOs, will be smaller and lighter and could soon cost less than $1 million each. Some investors believe the cost of these satellites will drop to around $100,000. New LEO-based services from companies will begin coming to market within the next two or three years.