World’s richest person Jeff Bezos has shown his new ambitions by doubling his Space investments. Amazon announced on Friday that it will be investing the colossal amount of $10Bn for developing a broadband internet system delivered through the constellation of satellites. This is similar to what the CEO of Tesla Elon Musk did with Starlink. The contest between the two to show dominance in the space industry has begun.
Earlier Amazon got the necessary permission from the FTC for developing such a system. This project would be known as “Project Kuiper” which would be seeking at deploying a constellation of low-Earth orbit (LEO) satellites. It is happening at a time when Amazon got a maximum profit in the last 26 years.
Commenting on its financial obligations to the project Amazon said, “A project of this scale requires significant effort and resources, and, due to the nature of LEO constellations, it is not the kind of initiative that can start small. You have to commit,”.
Amazon initially even after using all its resources is quite behind SpaceX. Comparing the SpaceX deployment of futuristic tech it has been able to deploy the futuristic tech in record time as well as very low cost than compared to Bezos’ Blue Origin or NASA.
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.
Amazon says it has got FTC’s approval to deploy and operate a constellation of 3,236 satellites. The authorization allows Project Kuiper to deliver satellite-based broadband services in the United States.
FTC approval allows Amazon to position and manage a constellation of 3,236 satellites. Project Kuiper will also be used in the future to give satellite-based broadband services in the United States.