Tech billionaire Elon Musk has been criticised over plans that would see his SpaceX company launch a satellite displaying billboard ads into space.

Proposals were revealed earlier this week which would see SpaceX teaming up with Canadian tech startup Geometric Energy Corporation (GEC) on its CubeSat project.

The satellite would have a massive screen on one side where people can bid to have their logos and advertisements displayed and could even be launched as soon as early 2022.

According to Samuel Reid, CEO and co-founder of GEC, the company will pay SpaceX to launch an advertisement satellite into low-Earth orbit (LEO).

Elon Musk slammed over SpaceX proposals to but satellite ad billboard in space
Mr Musk has been criticised for the plans

Mr Reid told Insider: "There might be companies which want to depict their logo... or might end up being a bit more personal artistic.

"Maybe Coca-Cola and Pepsi will fight over their logo and reclaim over each other."

SpaceX will not play a direct role in the mission but rather act as the launch provider at some point in early 2022, using one of the company's iconic Falcon 9 rockets.

Once in orbit, the CubeSat will use a selfie stick to broadcast its stream back to Earth via Twitch or YouTube.

Elon Musk slammed over SpaceX proposals to but satellite ad billboard in space
The ad billboard could be launched into space early next year

For more incredible stories from the Daily Star, make sure you sign up to one of our newsletters here

Luckily, this means giant billboards are not about to fill up the night skies with advertising.

But the news has sparked an outcry on social media, with scientists and spaceflight enthusiasts alike criticising the move.

Comedy writer James Felton took to Twitter to vent his disapproval.

He said: "Going to be difficult to pretend we’re not living in a sci-fi dystopian apocalypse when we take a moment to look up from the raging wildfires engulfing the planet to see the words Drink Pepsi."

Elon Musk slammed over SpaceX proposals to but satellite ad billboard in space
Companies could puchase ad space using cryptocurrency

Game programmer and reporter Matthew Chapman said: "No. I draw the line here.

"Congress needs to ban Space Billboards before they become a thing.

"Already SpaceX satellites are creating a minefield of pollution in low-Earth orbit."

And science writer Amy Shira Teitel said: "Coke vs Pepsi in space? What's a little more horrendous light pollution between mega-advertising behemoths?

"Hoping this never, ever happens..."

Elon Musk slammed over SpaceX proposals to but satellite ad billboard in space
Some people do not like the sound of the idea

To advertise on the pixel billboard, customers will have to pay using cryptocurrency tokens.

These will include digital tokens like ethereum, though GEC plans to accept dogecoin in the future.

Advertisers will get to select each individual pixel they want and fill them out with a colour of their choice.

Once they fill out enough pixels, a discernable image will emerge on the screen.

Mr Reid said: "I'm trying to achieve something that can democratize access to space and allow for decentralized participation.

"Hopefully, people don't waste money on something inappropriate, insulting, or offensive."