Facebook’s satellite internet unit has been acquired by Amazon

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SpaceX, Amazon, Softbank, and Facebook are among the major contenders in the race to develop satellite internet. However, according to media reports, Facebook has given up on the internet satellite business, selling its staff to Amazon. It’s a huge step forward for Amazon in its efforts to develop Project Kuiper and catch up to SpaceX’s Starlink satellite network.

Project Kuiper, like Starlink, aims to provide low-latency, high-speed broadband connectivity to people all across the world. By 2029, Amazon hopes to have a 3,236-satellite constellation in orbit, with half of them launched by 2026. It also intends to construct 12 ground stations across the world to send and receive data from the satellite.