10B

Amazon vows to invest $10B in Kuiper satellites after getting FCC’s go-ahead

The Federal Communications Commission has authorized Amazon’s plans for a Project Kuiper constellation of 3,236 satellites that would provide broadband internet access across a wide swath of the globe — but on the condition that it doesn’t unduly interfere with previously authorized satellite ventures.

In response, Amazon said it would invest more than $10 billion in the project. “We’re off to the races,” Dave Limp, Amazon’s senior vice president of devices and services, said in a statement. (We’re passing along the full statement below.)

The FCC’s non-interference requirements and other conditions are laid out in a 24-page order that was adopted on Wednesday and released today. The ruling addresses objections registered by Amazon’s rivals — including SpaceX, OneWeb and Telesat.

Project Kuiper’s satellites are to be launched in five phases, and service would begin once Amazon launched the first 578 satellites. Under the terms of the FCC’s order, Amazon will

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