Google and Facebook have both lost excitement for satellite net, based on media reports. Based on reports its plans are dropping for a geostationary satellite over concerns that it WOn’t recover prices.

Satellite internet services now are pretty high-priced, and provide data speeds that are slow. Nevertheless, other satellite entrepreneurs and Wyler feel that constellations made up of many little satellites could offer service that is quicker, because they’re closer to world in relation to the normal communication satellites, which fly at high elevations to optimize coverage.

And that they’d not cost more, since miniature satellites are normally more affordable.

Nonetheless, there are some companies that dream of producing satellite net, since the possible benefits for success may not be fairly low.

The entrepreneur who left Google, Wyler, founded a brand new satellite-net concern, with support from Qualcomm and Virgin Galactic.

If a business some day web first — through some mix of more low-cost rocket launches and strong mini-satellites — Google and Facebook wouldn’t expectedly be way behind in hogging the ham.