So were Tesla an SpaceX and they appear to be working.
Others have tried space based internet and failed, but if Elon Musk succeeds it would be great to have competition for Verizon, ATT, etc....
In addition to SpaceX, OneWeb (a Branson, Airbus enterprise) will be a direct competitor to SpaceLink or whatever the SpaceX/Musk project is called.
and put hughesnet out of business I F******* hate hughesnet
$70 gives you 3G speeds and 20 gigs of data......and very high laticeny.... musks idea looks like 5G speeds low latency and hopefully much more data....