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Amazon Launches First Kuiper Internet Satellites
Amazon successfully launched the first 27 satellites for its Project Kuiper internet constellation, kicking off a major effort to compete with Starlink by deploying over 1,600 satellites by mid-2026. It company is investing $10 billion in Kuiper and plans to begin commercial service later this year....
CNBC reports:"We had a nice smooth countdown, beautiful weather, beautiful liftoff, and Atlas V is on its way to orbit to take those 27 Kuiper satellites, put them on their way and really start this new era in internet connectivity," Caleb Weiss, a systems engineer at ULA, said on the livestream following the launch. [...] In his shareholder letter earlier this month, Amazon CEO Andy Jassy said Kuiper will require upfront investment at first, but eventually the company expects it to be "a meaningful operating income and ROIC business for us." Investors will be listening for any commentary around further capex spend on Kuiper when Amazon reports first-quarter earnings after the bell on Thursday.
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