Garzik told CoinDesk in December that he estimated the cost of launching such a node would only be around $2 million. The satellite itself would be a small cube measuring only 10 cm (2.5″) per side.
— Jeff Garzik (@jgarzik) April 4, 2014
On Friday, Garzik teased new developments in the “BitSat” project on his Twitter page. Although there have been few announcements in recent months, the updated design document for the satellite was posted on the project website on early February. The most likely announcement is that the BitSat has been manufactured, and has a tentative launch date.
More details to come as this story develops.