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RE: LeoThread 2024-09-20 10:56

in LeoFinance4 months ago

Amazon's Ambitious Satellite Internet Project

Amazon is making waves with its plans to launch a satellite-based home internet service, potentially rivaling SpaceX's Starlink. The tech giant is reportedly investing a staggering $20 billion in this venture, aiming to offer competitive or cheaper rates compared to existing satellite internet providers.

Key points of Amazon's satellite internet project:

  • Planned launch of satellites later this year
  • Limited service availability expected next year
  • Widespread availability projected for 2026
  • Speeds up to 1 Gbps using a laser backhaul system
  • Intended to serve both residential and business customers