Russian Company Wants To Put Huge Ads In Space

So a Russian startup company has BIG plans.  And by BIG we mean really big.  They want to launch giant billboard-like ads into space at an altitude of about 300 miles. They have already tested a prototype.  Here in the U.S., space-based advertising has been outlawed since 1993, but apparently there is no ban in Russia.  

Personally, I think this is a terrible idea.  We already have enough light pollution.  So much so, that we can barely make out more then a few stars.  Now this?  Give me a break.  Hats off to communities like Harmony, FL where they have strict laws limiting the amount of light.  All streetlights are "downcasting", etc.  We need more of that!