Amazon.com Inc. plans to launch thousands of satellites to provide broadband internet access around the globe.
The effort, dubbed Project Kuiper, aims to give unserved and underserved communities around the world access to high-speed internet, with minimal delay, according to Amazon.
Several other companies have announced similar initiatives. Facebook Inc. was reportedly aiming to launch satellites early this year, while Google plans to build a network of flying balloons. Both companies are looking to reach more people with their services as they near saturation in mature markets.
Elon Musk’s Space Exploration Technologies Corp. and OneWeb Satellites are also racing to ...