Graduates of SpaceX, NASA and Stanford are building an internet in space

CNBC

Alumni of SpaceX, NASA and Stanford University have formed a company that they say is on the cusp of building an internet-style service in space.

Headquartered in California, the firm — Audacy — is on a mission to provide the first commercial space-based data relay system and has claimed the network should be fully operational by 2020. The U.S. Federal Communications Commission (FCC) authorized a crucial license to the firm earlier this month.