Latest News

Amazon lines up satellite launches to take on Musk’s Starlink

© Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, February 20, 2017. REUTERS/Pascal Rossignol

(Reuters) Inc has secured 83 rocket launches over five years to put together a satellite constellation, called Project Kuiper, to beam broadband internet, the e-commerce giant said on Tuesday, as it looks to take on Elon Musk-owned SpaceX’s Starlink.

The deals were inked with Europe’s Arianespace, Jeff Bezos-founded Blue Origin and United Launch Alliance (ULA), a joint venture between Lockheed Martin (NYSE:LMT) and Boeing (NYSE:BA) Co, Amazon said.

Project Kuiper aims to use over 3,000 satellites in low earth orbit to beam high-speed, low-latency internet to customers, including households, businesses and government agencies.

Securing launch capacity from multiple providers reduces risks associated with launch vehicle stand-downs and saves costs that can be passed on to customers, said Rajeev Badyal, vice president of technology for Project Kuiper.

The contract includes 18 launches with Arianespace’s Ariane 6 rockets, 12 launches with Blue Origin’s New Glenn and 38 launches with ULA’s Vulcan Centaur rockets.

That together will provide capacity for the company to deploy the majority of its satellite constellation, the company said. (NASDAQ:AMZN) also said it was designing and developing its low-earth orbit satellites and customer terminals in-house.

Amazon secures 83 rocket launches for its satellite broadband network

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

What's your reaction?

In Love
Not Sure

You may also like

More in:Latest News

Leave a reply

Your email address will not be published. Required fields are marked *