Teledesic LLC is establishing the Teledesic Network of Low Earth Orbit satellites to provide fibre-like (low latency,low error-rate, high availability) broadband communications to all parts of the world, with initial operation planned for the year 2003. The projected budget for the spacecraft, launch, ground terminal development and OA & M is $US 9B.
The principal shareholders are: Craig McCaw, Bill Gates, Motorola, Boeing Corporation and Prince Alwaleed bin Talal. The major technical partners are: Motorola, Boeing Corporation and Matra-Marconi.
https://x.com/newstart_2024/status/1834566926275633376
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