Elon Musk confirms SpaceX is working on a giant fleet of satellites

SpaceX is getting into the satellite business. CEO Elon Musk confirmed via tweet that the rocket company is in the early stages of creating a large fleet of micro-satellites, and there will be an announcement about it in 2 to 3 months. A Wall Street Journal report last week outlined plans for 700 satellites weighing less than 250 pounds. It stated Musk is working with Greg Wyler, the former head of Google’s satellite division, who owns a portion of the radio spectrum. The satellites could be used to provide internet to remote parts of the planet.