Technology

Amazon Receives Approval to Launch $10bn Broadband Project, Kuiper

Amazon, founded by Jeff Bezos in 1995, just claimed a major victory by getting regulatory approval to create Kuiper, a planned fleet or constellation of 3,236 of internet-beaming satellites.

If realized, Kuiper would compete with Starlink, a similar yet potentially much larger fleet of 12,000 to 42,000 satellites many times the number of spacecraft humanity has ever launched being formed by SpaceX, the aerospace company founded by Elon Musk.

On Wednesday, the FCC’s five commissioners unanimously voted to permit Amazon to launch its Kuiper fleet into space and communicate with Earth-based antennas, giving the project the paperwork it needs to get off the ground.

“We conclude that grant of Kuiper’s application would advance the public interest by authorizing a system designed to increase the availability of high-speed broadband service to consumers, government, and businesses, the FCC wrote in its order, released on July 30.

In a subsequent announcement by Amazon on Thursday, the company pledged to invest “more than $10 billion in its effort to provide “reliable, affordable broadband service to unserved and underserved communities around the world.”

“A project of this scale requires significant effort and resources, and, due to the nature of [low-Earth orbit] constellations, it is not the kind of initiative that can start small. You have to commit, Amazon said.

That amount, incidentally, is precisely what SpaceX COO Gwynne Shotwell estimated in May 2018 as the cash it may take to complete Starlink.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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