Former CEO Jeff Bezos has framed the company’s Project Kuiper satellite program as a significant risk that might not generate returns. Read More...
Motley Fool
Why Amazon Stock Rocketed Off Course Today
Project Kuiper is Amazon’s plan to mimic SpaceX’s Starlink by putting a constellation of 3,000-odd small satellites into orbit that will allow it to sell broadband internet access from space. Well, on Tuesday morning, Amazon announced plans to kick Project Kuiper into high gear, revealing it had signed contracts with Arianespace (largely owned by Airbus and Safran), United Launch Alliance (a joint venture of Boeing and Lockheed Martin), and Blue Origin (led by Amazon founder Jeff Bezos). Together, the three will provide up to 83 rocket launches that will put Amazon’s satellites into orbit.
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