"It really seems like anyone with some renders and a white paper written by someone being gassed up by an overly agreeable AI can get VC funding these days."
Free space laser communications are possible, but even then you are only talking about 10s of GB/s, and you cant add more lasers or receivers on a satellite already in orbit.
Free space laser communications are possible, but even then you are only talking about 10s of GB/s, and you cant add more lasers or receivers on a satellite already in orbit.