SpaceX and Tesla founder Elon Musk wants to spend $10 Billion to put hundreds of satellites in low earth orbit to wire space for internet access. As a precursor to putting up a duplicate network on Mars, Musk says that he believes that a space-based internet would be 100 times faster than fiber optic connections and would reach everyone on earth.
He's not the only one doing it. Greg Wyler has OneWeb, a startup which has been working for 15 years with Richard Branson. Google has Project Loon, which would set up internet access with weather balloons all over the atmosphere.