Amazon said that Project Kuiper is moving one step closer to deploying its full satellite constellation, with construction underway on a new satellite-processing facility at Space Florida’s Launch and Landing Facility at Kennedy Space Center. The facility is the latest long-term investment in Project Kuiper, a low Earth orbit satellite network that will provide fast, affordable broadband to unserved and underserved communities around the world. The space will be used to prepare and integrate Kuiper satellites with rockets from Blue Origin and United Launch Alliance ahead of launches. It stems from an expected partnership with Space Florida’s Spaceport Improvement Program. Project Kuiper will begin satellite production at a state-of-the-art manufacturing facility in Kirkland, Washington, by the end of this year. The new satellite-processing facility in Florida will be used to receive those satellite shipments, conduct final preparations ahead of launches, connect satellites to custom dispensers from Beyond Gravity, and integrate the loaded dispensers with launch vehicles. The 100,000-square-foot facility features a 100-foot tall high bay clean room to allow room for the payload fairing of new heavy-lift rockets like Blue Origin’s New Glenn and ULA’s Vulcan Centaur. Amazon is investing $120M in new construction and high-value equipment for the facility, and creating up to 50 new jobs on the Space Coast. These Project Kuiper facilities are critical to Amazon’s commitment to spur innovation; design and develop prototype and production satellites; and prepare our satellites for commercial deployment.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AMZN:
- Amazon Stock: Prime Day Success Merits a Price Target Hike
- WINN ETF: Can You Really Win with This ETF?
- Amazon (NASDAQ:AMZN) Is Setting Up $120M Kuiper Project Satellite Facility in Florida
- Tech Giants Voluntarily Commit to Managing Risks Posed by AI
- Notable open interest changes for July 21st
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue