In 1945 Arthur C. Clarke lost a billion dollars by inventing geosynchronous communication satellites, because there was no technology capable of launching them into orbit until the late 1950s, and nothing that could reach geosynchronous orbit until the 1960s. Interestingly enough, in 1964, the same year the very first live TV news stories made it across the Atlantic on those satellites to become part of regular TV News programs, Clarke predicted how the new technology would change the world… and his description is spot on for the way we communicate today. Some people really do seem to be living in the future.
