Amazon is planning to launch and operate its own internet satellites next year, and it has already asked the U.S. Federal Communications Commission for approval. The e-commerce and tech company is applying for two prototype internet satellites so it can build a space-based satellite network.
The company's application for the approval of internet satellite launch and operation was revealed on Monday, Nov. 1. According to Reuters, Amazon committed to investing at least $10 billion to make 3,236 satellites through its Project Kuiper program.
Jeff Bezos' firm stated that the trial and demonstration launch is a crucial step toward its aim of offering high-capacity, low latency broadband services to millions of "unserved and underserved consumers and businesses." Amazon said it would continue to invest in the project as they are approaching the full production stage and getting ready to serve customers worldwide.
It was reported that Amazon's Project Kuiper was approved by the FCC in 2020, and the plan is to build the constellation of low-Earth orbit satellites that will rival Elon Musk's Starlink satellite network. Bezos and Musk are two of the richest people in the world, and they are also big rivals in the space and aeronautics business, and now they are also set to compete in the internet satellite biz.
CNBC reported that Project Kuiper is expecting to launch the internet satellites in the fourth quarter of 2022. The first two prototypes, called the KuiperSat-1 and KuiperSat-2, are the first to be deployed into orbit. These satellites are going to be brought beyond the skies with ABL Space on its RS1 rocket.
"We have invented lots of new technology to meet our cost and performance targets for Project Kuiper," Rajeev Badyal, Amazon's vice president of technology, said in a press release. "All of the systems are testing well in simulated and lab settings, and we'll soon be ready to see how they perform in space. 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. We can't wait to get started."
Finally, Amazon is looking to begin offering early service once it has placed 578 satellites in orbit. Kuiper is expected to clash with SpaceX's Starlink network in this new generation of broadband satellite systems.


Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 



