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Thursday, February 25, 2021

Taking on SpaceX, Amazon plans to invest $10 billion in satellite broadband plan

The project gives benefits for deploying 5G and other wireless services to new regions.

Amazon
Amazon plans to invest $10 billions

Amazon said it will invest more than $10 billion to build a network of 3,236 satellites that provide high-speed broadband internet services around the world.

The big announcement follows the Federal Communications Commission’s approval of the plan called “Project Kuiper” for the orbital of low-Earth satellites that will take part with the Starlink network being built by SpaceX. “A project of this scale requires remarkable effort and resources, due to the nature of low-Earth satellites orbital, it is not the kind of capability that can start small”, the company said in the post.

What’s the benefits of Amazon investment ?

In this project company deploying 5G and other wireless services to new regions, by comparison, SpaceX has launched over 500 satellites of the roughly 12,000 expected for its Starlink orbital in low Earth orbit and plan to offer broadband service in the US and Canada by the end of the year.

Also Read: In India Companies using AI to boost GDP

SpaceX President Gwynne Shotwell floated the idea of spinning Starlink off for an IPO in upcoming years, he said the Starlink project will cost the company around $10 billion. While these types of projects are so extremely costly to deploy, satellite technology can provide high-speed internet for people who live in those areas where fiber optic cables and cell towers do not reach. The technology can also be beneficial in those climatic conditions where natural disasters disrupt communications.

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