In the past, space exploration was run by government-sponsored organizations like NASA that seemed to have endless funding. But today, space travel is more affordable than ever, thanks in large part to Elon Musk and his groundbreaking company, SpaceX. By launching reusable rockets, Musk has drastically reduced the costs associated with space travel and opened up a world of endless possibilities. As a result, a large number of companies and countries began to launch objects into orbit at more affordable prices. Among these companies is Sateliot, who successfully deployed the world’s first 5G satellite in space with the services of SpaceX.

Although 5G technology has been around for a while, it has not yet been widely adopted. The main reason for this is that many countries have not yet established the necessary infrastructure. These and similar adverse events slowed down the development of technology, but a company called Sateliot found a solution. You may have heard of Starlink, which was founded by Elon Musk and aims to provide global broadband with hundreds of satellites in orbit.

Satellite is no different. The company, which was created with a similar mindset, differs from Starlink in providing cellular communication. Although they are basically rivals, it would be more accurate to describe the two companies as “brothers” or “cousins” at this point. Sateliot recently developed the world’s first 5G satellite and launched it into space with the help of SpaceX.

SpaceX has successfully launched its first 5G satellite into low Earth orbit. Dubbed “GroundBreaker,” the satellite is part of a planned group of more than 250 spacecraft designed to communicate with ground-based cell towers and plug gaps in data networks around the world. Sateliot aims to fill the roughly 85 percent gap in global mobile communications and envisions multiple applications in a variety of markets, including transportation.

However, like everything else, it doesn’t come cheap. Sateliot has already reported sales of more than $1.3 billion since its first satellite went live.