Amazon Signs Satellite Pact With Verizon in Challenge to Musk

  • Jeff Bezos has committed $10 billion to Kuiper Systems
  • Project will focus on connecting remote areas and businesses
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Amazon.com Inc. struck a deal to use Verizon Communications Inc.’s network to link up its thousands-strong planned fleet of satellites, stepping up a rivalry with Elon Musk’s StarLink system.

Amazon’s billionaire founder Jeff Bezos has committed $10 billion to satellite subsidiary Kuiper Systems LLC, which plans to launch 3,236 satellites into low-earth orbit to provide broadband internet access.