Amazon inks deals to send its internet satellites into space

aimed at consumers, business, government agencies and others. It seeks to compete with Elon Musk’s Starlink, which has launched more than 2,000 satellites and boasts download speeds of up to 200 megabits per second.

Amazon did not disclose any specific financial details of the agreements, nor a timeline for launches, but said it was “investing billions of dollars across the three contracts”. One Amazon executive told the Financial Times that the company would invest “no less than $10 billion ” in the total constellation.

Project Kuiper has a deadline from the US communications regulator to have at least half of its satellites in low earth orbit by July 2026. – Copyright The Financial Times Limited 2022

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