Elon Musk Gets Fierce Competition As Amazon Enters Space Internet Biz

is set to get fierce competition in the affordable satellite-based internet market as on Tuesday announced the biggest rocket deal in the commercial space industry's history, signing a pact with three rocket for up to 83 launches under its Project Kuiper internet satellites.

The tech giant signed contracts for launches with United Launch Alliance (ULA), Arianespace, and Jeff Bezos' Blue Origin. The financial details of the deal were not disclosed.

The contracts total up to 83 launches over a five-year period, providing capacity for to deploy the majority of its 3,236-satellite constellation.

"Project Kuiper will provide fast, affordable broadband to tens of millions of customers in unserved and underserved communities around the world," said Dave Limp, Senior Vice President for Devices & Services.

"We still have lots of work ahead, but the team has continued to hit milestone after milestone across every aspect of our satellite system," he said in a statement.

Like Musk's Starlink, Amazon's Project Kuiper aims to provide high-speed, low-latency broadband to a wide range of customers, including individual households, schools, hospitals, businesses, government agencies, disaster relief operations, mobile operators, and other organizations working in places without reliable internet connectivity.

Amazon is designing and developing the entire system in-house, combining a constellation of advanced LEO satellites with small, affordable customer terminals and a secure, resilient ground-based communications network.

There are now more than 1,000 people at Amazon working on Project Kuiper.

The company said that Project Kuiper will leverage Amazon's global logistics and operations footprint, as well as Amazon Web Services' (AWS) networking and infrastructure, to serve a diverse, global customer base.

"Securing launch capacity from multiple providers has been a key part of our strategy from day one," said Rajeev Badyal, Vice President of Technology for Project Kuiper at Amazon.

"These large, heavy-lift rockets also mean we can deploy more of our constellation with fewer launches, helping simplify our launch and deployment schedule," Badyal added.

In addition, Amazon is working with Beyond Gravity (formerly RUAG Space), a Switzerland-headquartered space technology provider, to build low-cost, scalable satellite dispensers that will help deploy the Project Kuiper constellation.

Amazon has signed an agreement with Blue Origin to secure 12 launches using New Glenn rocket, with options for up to 15 additional launches.

Jarrett Jones, Senior Vice President, New Glenn, Blue Origin, said that the New Glenn's seven-meter fairing offers unprecedented mass and volume capabilities, providing Project Kuiper maximum launch flexibility.

Project Kuiper plans to launch two prototype missions later this year on ABL Space Systems' RS1 rocket.

Amazon will invest over $10 billion in its satellite internet network.

Meanwhile, Starlink has already launched more than 2,000 satellites since 2019, and many more will go up in the near future.

SpaceX has permission to launch 12,000 Starlink satellites and has applied for approval for up to 30,000 more.

--IANS

na/vd

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

Titi Coles Legacy In Finance: Pioneering Diversity And Leadership

Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more

Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape

As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more

The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma

In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more