Here's your summary from The Original Commercial Space Race | On This Day (https://www.youtube.com/watch?v=7R4Fw_T4Sds) on the Bloomberg Television channel:

### TLDR:

Telstar one, the world's first privately financed satellite, launched in 1962, revolutionizing international communications and paving the way for the commercial satellite industry.

### Key Points:

1. Telstar one, launched in 1962, was the first privately financed satellite, revolutionizing international communications with live transatlantic television pictures.

2. Telstar one set milestones by relaying the first satellite phone call, synchronizing time between continents, and shuttling computer data by satellite.

3. Despite its short lifespan, Telstar one's impact on satellite communications and pop culture, inspiring iconic designs, marked a significant advancement in global connectivity.

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