Samuel Reid wants to start advertising in space

The Canadian company will carry out the project in collaboration with SpaceX.

Geometric Energy CEO Samuel Reid has announced a joint project with SpaceX. He revealed that many companies are planning to display ads in space. A satellite will be fitted with a large screen, together with a monopod and a camera for this to be achieved. The advertisements won't be visible from Earth. Earthlings will only be able to view spectacular photographs.

The businessman believes that the opportunity to show advertisements in space will create high demand among companies. Therefore, he has already planned a cryptocurrency auction. It will determine the place of companies in a queue, the appropriate time for displaying ads, the display's brightness, and other indicators. Reid calls his approach "the most democratic access to space."

SpaceX has not yet reacted to the news. However, it is worth noting that the Canadian company has been trying to collaborate with Elon Musk since 2018 without much success.