James Altucher says satellite internet challenger disrupts costly US market

4 articles · Updated · The Manila Times · May 1

In a May 1 presentation, he said Americans pay nearly $200 monthly, while a 6,750-satellite network already serves more than six million customers worldwide.
Altucher argued entrenched telecoms are worsening costs, citing Comcast price rises and Verizon’s throttling of firefighters during California wildfires, while satellite service expands to households, airlines, cruise ships and disaster zones.
He said the space-based model avoids expensive cable and tower buildouts, could undercut incumbents, and may eventually connect 2.9 billion people worldwide who still lack internet access.

Is satellite internet a real solution for the digital divide, or just another expensive option for most consumers?

Are we trading terrestrial internet monopolies for a more powerful, unregulated monopoly in orbit?

Do the severe orbital risks of mega-constellations outweigh the promise of connecting the world's last digital frontiers?