Amazon is developing Project Kuiper, a network of 3,236 satellites aimed at mobile services, putting it in direct competition with Elon Musk’s Starlink. The project, announced in 2019 with a multi-billion-dollar investment, must close the gap with Starlink, which has been operational since 2019-2020. SpaceX has already partnered with T-Mobile for direct-to-cell capabilities. No cryptocurrency or blockchain component is linked to Project Kuiper or Starlink. Investors should watch for partnership announcements with mobile carriers, which would signal how quickly Amazon plans to bring direct-to-device service to market.
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