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Taking on SpaceX, Amazon to invest $10 billion in satellite broadband plan

It also comes on the heels of Amazon posting its biggest profit inits 26-year history. "A project of this scale requires significant effort and resources, and, due to the nature of LEO constellations, it is not the kind of initiative that can start small. You have to commit," the company said in a blog post.The project will also benefit wireless carriers deploying 5G and other wireless service to new regions, Amazon said. By comparison, SpaceX has launched over 500 satellites of the roughly 12,000 expected for its Starlink constellation in low Earth orbit and plans to offer broadband service in the United States and Canada by the year's end. The technology could also be a critical backstop when hurricanes or other natural disasters disrupts communication.

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