Link:
Business InsiderDate: 2021-09-17
Why
To provide global wifi access to everyone around the world and in space. To increase market reach for internet technologies, which increases revenue and income for those companies. Monopolise the internet data market.
How
Using satellites instead of underwater cables to transfer data around the globe.
Opinion
This is the future and telecommunication and data providers need to jump on this band wagon before it's too late. Ideally this would be run by governments in a co-operative manner so there is no centralised source of power (especially a corporation), however that would take a very long time, which is unlikely to happen fast enough in a world changing rapidly.
There is a concern of space pollution, which is definitely going to be a problem these satellites will cause i the future, however this is the future that is going to happen, so we can only prepare for the issues that come next.