John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week 
U.S. Stock Futures Rise Ahead of Holiday-Shortened Week as AI Optimism Lifts Tech 
Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Gold Prices Surge to Record Highs as Geopolitical Tensions Fuel Safe-Haven Demand 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
Oil Prices Climb in Asian Trade as Venezuela Sanctions and Middle East Tensions Fuel Risk Premium 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Amazon is set to launch a total of 83 rockets in over five years to assemble its satellite constellation and offer satellite-based broadband internet service anywhere in the world. This project has been dubbed Project Kuiper and aims to compete with SpaceX's Starlink owned by Elon Musk.
According to Reuters, the deals for the rocket launches were signed with Arianespace, a French company that is also the world's first commercial launch service provider; Jeff Bezos' Blue Origin; and the United Launch Alliance, a joint venture between Boeing Co. and Lockheed Martin.
The plan is for Project Kuiper to use more than 3,000 satellites in low earth orbit to provide high-speed, low-latency internet to subscribers that include businesses, government agencies, and common households. Rajeev Badyal, Project Kuiper's vice president of technology, said that being able to secure launch capacity from multiple providers lowers the risks related to the launch vehicle stand-downs. It also helps in saving on costs that can be passed on to the subscribers.
The agreement states that Arianespace's Ariane 6 rockets will be used for the 18 launches, 12 with Blue Origin's New Glenn, and ULA's Vulcan Centaur rockets will handle 38 launches. Together, they will offer the capacity for the company to position the majority of its satellite constellation into orbit. There is also an option for additional 15 launches if necessary.
With the number of launches that will be carried out by the said companies, it is apparent that this is a massive rocket deal for Amazon. For the launch of its internet broadband service, the company is currently designing and developing its low-earth orbit satellites.
CNBC reported that Amazon wants to build a network of 3,236 satellites so it can efficiently provide high-speed internet worldwide. The U.S. Federal Communications Commission (FCC) has approved the company's satellite system in 2020, with over $10 billion in investment for its setup.
Meanwhile, Amazon's senior vice president of devices, Dave Limp, said in a statement regarding the project, "We still have lots of work ahead, but the team has continued to hit milestone after milestone across every aspect of our satellite system. These launch agreements reflect our incredible commitment and belief in Project Kuiper."
