Amazon moves closer to satellite launch, increasing internet reach

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NEW YORK – Amazon.com is one more step into space.

The company has received government approval to put more than 3,200 satellites into orbit for the purpose of broadcasting Internet service to Earth.

Teleprinter	security	Latest	Change	Change%
AMZN	AMAZON.COM INC.	3,164.68	+112.80	+ 3.70%

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Amazon said satellites could provide the internet to parts of the world that don’t have it. It could also become a new business for Amazon, selling internet services to individuals or businesses.

“We’ve heard so many stories lately about people who are unable to do their job or complete their education because they don’t have a reliable internet at home,” said Amazon Director Dave Limp. , in a written statement.

Amazon Headquarters in Seattle (iStock)

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Amazon has said it will spend $ 10 billion on the initiative, called Project Kuiper. He is opening a research facility in Redmond, Washington, where the satellites will be designed and tested.

That would be about twice the profit the Seattle-based company made in its last three-month financial reporting period.

Other companies have already put satellites into orbit, including SpaceX, the rocket company owned by Tesla CEO Elon Musk. SpaceX received government approval for the project in 2018.

The Falcon 9 launched from the Kennedy Space Center in November 2019 and has put 60 SpaceX Starlink satellites into orbit. (SpaceX) (SpaceX)

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Space is one of the main goals of Amazon founder and CEO Jeff Bezos, the richest man in the world. He owns a private space exploration company and has spoken, at some point in the distant future, of the potential for manufacturing and other heavy industries to relocate into space, keeping the resulting emissions out of the way. earth atmosphere.

Amazon did not say when it expected Project Kuiper to go live, but the Federal Communications Commission, which approved the initiative on Thursday, said half of its satellites must be in orbit by now July 2026.

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