UPDATED 09:25 EDT / JUNE 09 2015

NEWS

Facebook kicks satellite plans into touch

Facebook has reportedly given up on a project to launch an Internet-delivering satellite into orbit, according to a report in The Information.

Amir Efrati writes that the previously unknown project (outside of Facebook) would have set the social media giant back a whopping $500 million. Admittedly that’s only half what Facebook paid to get its hands on Instagram, but nevertheless Mark Zuckerberg and co. have decided the cost is simply too prohibitive for a scheme that’s meant to deliver low-cost Internet access to less developed parts of the world.

While the satellite project was hitherto unknown, Facebook’s ambitions to expand Internet access in emerging markets have been better publicized. The company launched its Internet.org initiative two years ago, and that effort involves mulitiple companies working together to subsidize data costs in some countries.

That’s not to say Internet.org is the only way Facebook is plotting its expansion (that is, after all, what the it’s all about). Last week the company introduced Facebook Lite to Asian markets, a lightweight Android app that’s easier to connect with when users live in low bandwidth areas. The satellite project was also apparently unrelated to Internet.org too, even though Zuckerberg has previously discussed the idea in relation to that initiative.

Amir Efrati bases his report on “a person with direct knowledge of the satellite project”, and a second source who claims to have been briefed about it. The idea was to launch a geostationary satellite that would have provided web access to “dozens of countries”. However, while Facebook won’t be launching its own satellite any time soon, it hasn’t dismissed the idea of leasing a satellite from someone else.

Facebook’s efforts to bring Internet connectivity to the under-developed world are certainly beneficial, and will surely transform the regions it targets, but the company has a clear incentive to do so. The social network has grown to the point where it simply can’t get any bigger in more developed countries, and by providing the required infrastructure for people to access the web, it’s sure to get first access to billions of previously unconnected people.

Image credit: tpsdave via pixabay.com

A message from John Furrier, co-founder of SiliconANGLE:

Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.

  • 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
  • 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.

Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.