$20 Billion Is Not Enough
Before we jump in on today’s issue, I want to bring your attention to an urgent situation I’m tracking for tomorrow, May 12.
A company I’ve been researching is expected to make an announcement that could have significant and far-reaching implications in the fight against a variety of ailments, including COVID-19.
I’ve written up all the details and reviewed what could be an immediate-term impact on the company’s stock in a new research dossier I recommend you check out. Click here now to see how you can access it.
Now on to today’s issue…
In today’s world it’s hard to imagine life without the internet.
Even if you don’t have a smartphone, high-speed internet has been around for nearly two decades in people’s’ homes.
And yet even today it’s estimated that one in four Americans doesn’t have access to high-speed broadband internet.
As the graph below shows, home adoption of high-speed internet was quick in the first decade of its arrival. But since then it has plateaued…
The reason for this is twofold: People don’t have access to cheap internet, and companies see it as too costly to provide internet to rural areas.
It’s been shown that the least densely populated areas pay over a third more for the cheapest broadband than those that live in highly populated areas.
And COVID-19 has only highlighted these problems.
Schoolchildren and many workers forced into isolation have needed access to high-speed internet for virtual teaching sessions and meetings.
And the emergency patches to get people internet access have been Band-Aids on the greater problem out there.
What’s the Fix?
There are many out there right now pushing for the government to step in to “wire America.”
Private companies in the past have attempted to lay down fiber cables to bring gigabit internet to the masses, but they’ve failed to reach rural areas because of the cost.
The government is already spending $20 billion to expand rural broadband, but even that falls short of what the cost is estimated at.
On another front, there’s 5G.
But 5G falls into the same pitfalls of cost versus opportunity.
5G wavelengths are only good for about 1,000 feet. Not at all suitable for a rural community where the next house over could easily be more than that length.
I believe the next jump is going to be from the stars. Specifically, the different companies launching low-orbit satellites into space.
A constellation of low-orbit satellites would allow far reaches of the world to access high-speed internet.
And while it wouldn’t be as fast as 5G internet, it would solve the major issues plaguing rural America.
Just like how there was an explosion of companies getting into streaming their own content…
There have been rumors of some unlikely big names wanting to get into the internet business.
Right now nothing is set in stone.
But soon I’ll have something for you that will blow all the other players out of the water.
To a bright future,