This new business from Amazon represents a '$100 billion opportunity,' Morgan Stanley says

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Amazon is expanding its empire and Morgan Stanley believes Bezos' ambitious satellite internet plan could become very lucrative.

Project Kuiper

, Amazon aims to launch a network of 3,236 small satellites to create an interconnected network that beams high speed internet to anywhere on Earth. While Amazon has yet to outline a timeline or cost for Project Kuiper, in a note on Monday to investors Morgan Stanley analyst Adam Jonas highlighted the network's potential.

Jonas said Project Kuiper represents as much as a "$100 billion opportunity," marking it as a play in the consumer broadband sector of the space economy. Morgan Stanley's estimate is based on its expectation that the space economy will grow to more than $1 trillion over the next 20 years.

 

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Don't work for Bezos, don't buy his products. Don't buy Amazon stocks OR use their services. This man is pure evil. He would kill you for a nickel. Big Brother 2.0 / 1984. Just ask Alexa. She will tell you... ;)

It would cost more than that to implement it. At least 10 years away even if they did. Bogus stock pumping nonsense.

Needed to run the robotics Amazon wants to build and sell to the US government

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