Home PoliticsAmerica Star Wars $AMZN Vs $TSLA

Amazon is set to launch two satellites on Friday, in its first test mission as part of its plan to deliver the internet from space and compete with Elon Musk’s Starlink service.

The launch window for the Atlas V rocket from the United Launch Alliance (ULA) hub at Kennedy Space Center in Florida is scheduled to open for two hours at 2:00 pm local time (1800 GMT).

Once up and running, the company founded by Jeff Bezos says its Project Kuiper will provide “fast, affordable broadband to unserved and underserved communities around the world,” with a constellation of more than 3,200 satellites in low Earth orbit (LEO).

“This is Amazon’s first time putting satellites into space, and we’re going to learn an incredible amount regardless of how the mission unfolds,” said Rajeev Badyal, Project Kuiper’s vice president of technology.

The first operational satellites of the Kuiper project are due to be launched in early 2024, according to Amazon, which hopes for initial tests with customers at the end of next year.

The test on Friday will attempt to make contact with probes from Earth, deploy their solar panels, and confirm that all instruments are operating correctly and at the desired temperatures.

The two prototypes will be removed from orbit and disintegrated in the Earth’s atmosphere at the end of the test mission.

Musk’s SpaceX launched the first batch of its more than 3,700 operational Starlink satellites in 2019 and is by far the biggest player. London-headquartered OneWeb is another early entrant in the emerging sector.

These services are designed to provide internet access to even the most remote and underserved areas around the world, including war zones or disaster-struck areas.

Musk’s ownership of Starlink caused uproar in Ukraine last month when it was revealed that he refused to turn on the service for a planned attack by Kyiv forces on Russia’s Black Sea navy fleet last year.

Given the technology’s strategic importance, governments are also keen to join the rush into the sector.

China plans to launch 13,000 satellites as part of its GuoWang constellation, while Canada’s Telesat will add 300 and German start-up Rivada is eyeing 600.

That will be in addition to the European Union’s Iris project — 170 satellites — and the 300-500 satellites planned to be launched by the US military’s Space Development Agency.

Star Wars

The global satellite market is valued at USD 77.08 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2030 to reach USD 159.60 billion by 2030.

The growth of the satellite market is being driven by a number of factors, including:

  • Increasing demand for satellite communication services for government and enterprise applications.
  • Growing demand for satellite-based broadband services.
  • Rising demand for satellite-based Earth observation services.
  • Increasing investments in new satellite technologies, such as high-throughput satellites and low-Earth orbit (LEO) satellite constellations.

The satellite market is segmented by application, type, and region. The application segment includes government, enterprise, and consumer. The type segment includes communication satellites, Earth observation satellites, and navigation satellites. The region segment includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is the largest market for satellites, followed by Europe and Asia Pacific. The North American market is expected to remain the largest market throughout the forecast period. The Asia Pacific market is expected to grow at the fastest CAGR during the forecast period, due to increasing investments in satellite technologies and growing demand for satellite-based services.

The key players in the satellite market include Boeing, Airbus, Lockheed Martin, Thales Alenia Space, and Northrop Grumman. These companies are involved in the development, manufacturing, and launch of satellites.

Overall, the global satellite market is expected to grow significantly in the coming years, driven by increasing demand for satellite-based services and investments in new satellite technologies.

Shayne Heffernan

You may also like


Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.