Amazon's Project Kuiper Takes On Elon Musk's Starlink With First Global Deal In Australia
I'm PortAI, I can summarize articles.
Amazon has partnered with Australia's NBN Co to provide satellite broadband to over 300,000 rural customers by mid-2026, competing with Elon Musk's Starlink. This marks Amazon's first major international agreement for Project Kuiper, aimed at the $40 billion satellite communications market. Amazon plans to deploy over 1,600 satellites by July 2026, while Starlink currently operates over 7,000 satellites. Analysts project Amazon could generate $7.1 billion in revenue by 2032 if it captures 30% of the market, with significant investments required for its satellite constellation.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Benzinga The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments