CNBC has the details:
Amazon is planning to build a network of more than 3,000 satellites federal filings reveal, in an ambitious attempt to provide global internet access.
Known as Project Kuiper, the move represents the latest space ambition from Jeff Bezos. Amazon has previously announced its cloud business will build a network of satellite facilities on Earth and Bezos’ space venture Blue Origin continues to move closer to launching space tourists.
“Project Kuiper is a new initiative to launch a constellation of low Earth orbit satellites that will provide low-latency, high-speed broadband connectivity to unserved and underserved communities around the world,” an Amazon spokesperson told CNBC in an emailed statement.
“This is a long-term project that envisions serving tens of millions of people who lack basic access to broadband internet. We look forward to partnering on this initiative with companies that share this common vision.”
Amazon’s proposal is for a network of 3,236 satellites. Building, launching and operating the satellites will require intensive capital, likely billions of dollars. But Bezos has already been funding Blue Origin with upwards of $1 billion a year and Amazon itself remains one of the world’s most valuable companies. GeekWire first reported the filings on Thursday.
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This is becoming a very crowded market space. Are there enough potential users for all the participants to survive? I think that Amazon and SpaceX have an edge since they can control launch costs. It is going to be an exciting two years as the competition heats up. Which company will be the first to offer broadband services? Which company will offer the most cost-effective solution? Who will survive? I predict It will be the most reliable, the easiest to use service at a mid-range price. Users will pay more for reliability and ease of use. Stay Tuned!