Amazon's FCC Approval: Launching 4,500 New Satellites

Amazon Received Approval for 4,500 Satellites from the FCC

The U.S. Federal Communications Commission (FCC) has approved Amazon's (AMZN) plan to launch 4,500 satellites, allowing the company to expand its broadband satellite constellation. This situation indicates that Amazon will strengthen its presence in the sector while increasing competition with Elon Musk's SpaceX.

Satellite Launch Schedule

The FCC has stipulated that 50% of the approved satellites must be launched by February 10, 2032, while the remaining half must be launched by February 10, 2035. Thus, Amazon’s planned number of satellites in low Earth orbit has reached approximately 7,700.

Satellite Innovation with the Leo Project

Amazon aims to offer its satellite internet service, named Leo, within this year. The project was first announced in 2019, and significant steps have been taken during this process. Amazon's move could revolutionize the technology and communication sector, making broadband internet services more accessible.

This expanded satellite network will increase user access to internet services and help address connectivity issues in rural areas. Amazon's innovative approach and investment in satellite technology present an important opportunity for investors.