Just a few days after boldly proposing a plan to warm up the atmosphere of Mars by nuking the Red Planet's atmosphere, eccentric billionaire and founder of Tesla Motors Elon Musk has proposed yet another daring project: a plan to launch 4,000 satellites into orbit in order to bring fast Wi-Fi internet access to the most remote areas of the world.

The billionaire's company, SpaceX, revealed the initial framework of the plan in January, with the official request being submitted to the Federal Communications Commission last week. If the plan is initiated without any problems, the worldwide free satellite internet system can be operational within five years, according to The Independent.

The worldwide satellite internet model has been proposed by a number of companies already, including tech giants Google and Samsung. However, what makes Musk's SpaceX a formidable contender for the project is the fact that the company already has the existing hardware to pull off the project.

According to the company's proposal, SpaceX will use its own Falcon 9 two-stage rockets to deliver the satellites into orbit. The Falcon 9 two-stage rockets have been successfully delivering spacecraft into orbit since 2012, reports Computing UK.

What may be a limiting factor in the project is the immense cost that it will entail, since the satellites will be launched into low orbit. Due to that factor, about 4,000 satellites would need to be launched in order for the Earth to be fully covered.

Then again, Musk is all about revolutionary projects that can change the world.