Amazon buys SpaceX rocket launches for Kuiper satellite internet project
Publishing timestamp: 2023-12-01 15:30:08
Summary
Amazon has purchased three rocket launches from SpaceX for its Project Kuiper internet satellites. This move is surprising as Amazon's Kuiper system aims to compete with Elon Musk's Starlink in the satellite broadband market. Amazon previously ordered launches from SpaceX's competitors, but this deal with SpaceX marks a shift in their strategy. The financial terms of the agreement were not disclosed. Amazon is pushing to get its satellites in orbit to meet federal regulations and expects to invest over $10 billion in building Kuiper.
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Keywords: amazon.com inc, business news, technology, science, the edge, environment, space industry, elon musk, business, breaking news: business, jeff bezos, breaking news: technology, aerospace and defense industry, transportation,