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Pierce of Bell Telephone Laboratories (Whalen, n.d.).
In a 1954 speech and 1955 article, Pierce described the usefulness of a communications "mirror" in space, a medium-orbit "repeater" and a 24-hour-orbit "repeater." In comparing the communications capacity of a satellite, which he estimated the capacity at 1,000 simultaneous telephone calls, and the capacity of the first trans-atlantic telephone cable, which could carry 36 simultaneous telephone calls at a cost of 30-50 million dollars, Pierce wondered if a satellite would be worth a billion dollars (Whalen, n.d.).
By the middle of 1961, RCA had a contract with NASA to build, a 4000 mile high, medium-orbit, active communications satellite called RELAY, AT&T was working on its own medium-orbit satellite called TELSTAR, and Hughes Aircraft Company had an exclusive contract to build a 24-hour orbit, 20,000 mile high satellite, called SYNCOM...
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