Aircraft manufacturer Boeing has announced that it is developing a new satellite that will be cheaper, lighter and more flexible.
The new models could be ready in two years and will be built much like the company's best-selling 601 satellite.
It can be reconfigured in space, and the payload can be adjusted to handle internet, radio, telephone or other signals.
It can also shift the signal to different regions of the globe as needed.
According to Associated Press the new model will carry the more powerful propulsion system and electronics of the larger 702 satellite.
The average 601 sells for about $100m, while the 702 goes for about $200m. The new satellites are expected to cost somewhere in between.
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