Perhaps We Should Regulate Deranged Billionaires Like Elon Musk

By one estimate, Elon Musk owns more than a quarter of all active satellites orbiting Earth. Though his fantasy of becoming emperor of Mars probably won't materialize, we have to scale back the unchecked power of deranged Bond villain types like Musk before it extends from Earth to the skies.

SpaceX CEO Elon Musk Unveils Company's New Manned Spacecraft, The Dragon V2

SpaceX CEO Elon Musk unveils the company’s manned spacecraft, The Dragon V2, on May 29, 2014, in Hawthorne, CA. (Kevork Djansezian / Getty Images)


Last month, Elon Musk officially became the world’s richest man. Though it sounds like the plot of a decidedly down-market Bond flick, he’s now also the world’s most powerful space baron.

That’s according to a new analysis, which finds that the SpaceX CEO now controls more than 27 percent of all active satellites currently orbiting Earth — roughly one thousand out of 3,500. Musk’s stake is almost certain to get even bigger in the coming years, with physicist Alastair Isaacs estimating the share could grow to 50 percent as early as 2022 based on the number of launches currently associated with SpaceX. The greatest proportion of those launches are related to Starlink — an initiative the company says will bring “near global” high-speed internet coverage this year.

Given Musk’s well-established penchant for absurd and often cringeworthy self-promotion, this claim can probably be taken with a grain of salt. Just a few short years ago, after all, the billionaire was confidently telling a technology conference that he would begin sending rockets to Mars in 2018 and would be able to start colonization efforts within a decade. Pure hokum, as it usually turns out to be, Musk’s techno-utopian hype has nevertheless given him an image more like that of a Promethean creator than a garden-variety capitalist — more vanguard of humanity’s interstellar future than telecom monopolist in its present.

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