Amazon will spend $10B to battle Elon Musk in the internet-from-space race

Amazon is ready to funnel more than $10 billion into Project Kuiper, after it secured government approval to launch more than 3,000 broadband-beaming satellites into low orbit. The Federal Communications Commission (FCC) voted unanimously (5-0) in favor of Amazon‘s bid, pitting the ecommerce giant squarely against Elon Musk’s SpaceX in the internet-from-space race. “In addition to providing ground station service directly to customers, Project Kuiper will also provide backhaul solutions for wireless carriers extending LTE and 5G service to new regions,” said Amazon in a press release. Amazon is yet to launch one of its own satellites First announced in April 2019, Project…

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