German Retail Sales Drop 3.4% in July 
Dollar Holds Near Two-Week High as Fed Rate Hike Bets Rise 
India Manufacturing Growth Slows to Five-Year Low in August 
Honda Targets $9.4 Billion in Cost Cuts as China EV Competition Intensifies 
Dollar Hits Two-Week High as Iran Conflict Lifts Oil and Bond Yields 
China Manufacturing PMI Contracts Again as Recovery Remains Fragile 
Jefferies Names AMEC Top China Semiconductor Equipment Pick 
OpenAI Nears Astra AI Model Launch With Safety Focus 
Street Poller Media and The Boom of the Street Interview Ad Industry 
US Strikes Iran IRGC Targets as Conflict Escalates 
Brazil, US Resume Tariff Talks as Trade Tensions Persist 
Asian Currencies Mixed as Yen Nears 160, Oil Surges 
Amazon Secures 200 MW Wind Power Deals in Sweden 
Canada Backs €100 Billion Global Defence Bank 
South Korea Unveils Record $597 Billion 2027 Budget to Boost AI and Chips 
PayPal Shares Sink as $50 Billion Takeover Bid Collapses 
Oil Prices Rise as U.S.-Iran Fighting Fuels Supply Fears 
Add as a preferred source on Google
Amazon is working on its Project Kuiper program that aims to provide internet service to the public. The tech company is planning to launch its internet service not just in the United States but around the world, so it is requesting approval to deploy additional 4,500 satellites to space.
Amazon is waiting for the U.S. communication regulator's go signal for the launch of more satellites so it can expand its internet project. The effort is part of the goal to deliver broadband internet even to remote regions and areas that have slow or weak service.
According to Reuters, Amazon is investing at least $10 billion to create 3,236 internet satellites for its Project Kuiper program. Last week, it was reported that Jeff Bezos' company submitted its request to the Federal Communications Commission (FCC) for additional deployment of satellites. Once approved, the company will bring the number of its satellites to 7,774.
Amazon also asked the FCC for permission to launch and operate two prototype satellites in the last quarter of 2022. The company stated in its regulatory filing that the satellites would be used to service homes, businesses, medical facilities, government agencies, and other institutions worldwide.
"Although connectivity has improved on a global basis, only 51% of the global population, and 44% of the population of developing countries, are online," Amazon explained.
With the firm's Project Kuiper, a competition between Amazon and Elon musk's Starlink is expected. The latter is already providing satellite-based internet service to some countries. Bezos and the Tesla chief are also rivals in space exploration, and both have already launched space crafts with civilian passengers not long ago.
At any rate, CNBC previously reported that Amazon's first two prototype satellites that will be launched next year are called KuiperSat-1 and KuiperSat-2. These will be carried outside of Earth through ABL Space on its RS1 rocket.
"We'll soon be ready to see how [the satellites] perform in space," the publication quoted Rajeev Badyal, Amazon's vice president of technology, as saying in a statement. "There is no substitute for on-orbit testing, and we expect to learn a lot given the complexity and risk of operating in such a challenging environment."
