Posted on 02/10/2017 5:01:27 PM PST by 2ndDivisionVet
Internet satellite company OneWeb — the poster child for SoftBank 's pledge to President Donald Trump to invest billions of dollars in the U.S. — will open a "high volume" factory that will build three satellites per day, CEO Greg Wyler told "Squawk Alley" on Friday.
The factory will be on NASA property in Florida, and start operating this year, Wyler said.
SoftBank said in December that it would invest $1 billion in OneWeb, taking a 40 percent stake. With that investment, Wyler said the company would create 3,000 new high-tech, highly skilled manufacturing and engineering jobs.
At its new facility, the company will produce satellites to expand internet access in the U.S. and globally, he said.
The U.S. would do well to emulate Japan when it comes to building sophisticated infrastructure, he said. Getting internet access everywhere should be a priority or the country will end up with "rural brain drain," he said.
"If you don't have internet you can't build a company, you can't have a good education and the kids just leave," he said.
Getting a high-speed broadband pipe which OneWeb is also building to all the rural areas in the U.S. — including far-flung parts of Alaska — will give rise to new opportunities for Americans and improve U.S. manufacturing jobs, he said.
"It also elevates people so that they can create their own jobs and their own small and local manufacturing opportunities," he said....
(Excerpt) Read more at cnbc.com ...
Three satellites a day?
Lunch pails with a solar array?
Maybe something like a CubeSat, which were designed to be cheap and mass produced.
Good thing there isn’t any space debris up there already.
One mans debris is another mans internet portal
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