The happy mutants at MonkeyBrains, the San Francisco hacker-friendly ISP, have launched a $350,000,000 IndieGoGo campaign to buy their own satellite ("North Korea just launched a satellite; we want to as well"). Some fun facts about MonkeyBrains: it was founded by Rudy Rucker, Jr (son of the archduke of mutantcy, cyberpunk writer Rudy Rucker [Sr]); it is the basis for the fictional ISP pigspleen.net in my novel Little Brother; and they want $350,000,000. Also: if the satellite thing doesn't work out, they want to use the money to fill San Francisco with high-speed fiber optics that aren't run by crappy telcos.

A quick internet search reveals that this is the cost for getting a satellite into orbit:

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Satellite manufacture: $150M

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Satellite launch: $120M

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Launch insurance: $20M

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In-orbit insurance: $20M

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Satellite operations (15 years): $15M

Faster Internet!

Our initial research seems to indicate having a satellite in orbit may not speed up your internet at all. [http://en.wikipedia.org/wiki/Satellite_Internet_access#Geostationary_unsuitable_for_low-latency_applications]. However, if more research doesn't bode well for a geostationary satellite, we will take all of the $325M to fund either:

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Fiber to the home.

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A balloon tethered to the Farallon islands.

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a hovering drone over the Bay.