Word: celestrial
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...Teledesic, founded in 1990 by deep-pocket investors including Microsoft CEO Bill Gates, Saudi Prince Alwaleed bin Talal (with a 13.7% stake), and cellular pioneer Craig McCaw, who is the chairman and co-chief executive. Motorola, after a frosty initial reaction to the project, dropped its own system, Celestri, and joined in with $750 million for a 26% stake. Once jeered as the most starry-eyed start-up ever, the $9 billion Teledesic project has lately won some respect. Early this year the venture launched a test satellite--a long way from the total of 288 needed for its massive...
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