{"id":39396,"date":"2023-07-23T08:54:20","date_gmt":"2023-07-23T12:54:20","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/amazon-builds-120-million-satellite-processing-hub-in-florida\/"},"modified":"2023-07-23T08:54:22","modified_gmt":"2023-07-23T12:54:22","slug":"amazon-builds-120-million-satellite-processing-hub-in-florida","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=39396","title":{"rendered":"Amazon builds $120 million satellite processing hub in Florida"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. FILE PHOTO: The logo of Amazon is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS\/Gonzalo Fuentes\/File Photo<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>By Joey Roulette<\/p>\n<p>WASHINGTON (Reuters) &#8211; Amazon (NASDAQ:) is building a $120 million processing facility at NASA&#8217;s Kennedy Space Center in Florida for its thousands of planned Kuiper internet satellites, the company and state officials said Friday.<\/p>\n<p>The 100,000 square-foot building is part of the roughly $10 billion that Amazon has vowed to invest in its Kuiper project, a planned network of 3,200 low Earth-orbiting satellites designed to beam broadband internet globally.<\/p>\n<p>The Kuiper internet network, which will largely compete with Starlink from Elon Musk\u2019s SpaceX, is expected to complement Amazon\u2019s web services powerhouse.<\/p>\n<p>The Florida facility will employ 50 staff and be a last stop for Amazon&#8217;s Kuiper satellites before they go to space, after being manufactured at the Kuiper project&#8217;s primary plant in Redmond, Washington. A ten-story-tall room will allow the satellites to be fitted into rocket payload farings, the protective shell around satellites that sit atop the rocket.<\/p>\n<p>Amazon began construction of the site in January and plans to complete it by late 2024, with a target to ship the first batch of satellites to the facility for processing in the first half of 2025, said Steve Metayer, Amazon&#8217;s vice president of Kuiper Production Operations.<\/p>\n<p>\u00a0\u00a0\u00a0 Amazon aims to launch its first mass-produced satellites by early 2024, kicking off a sprint to deploy half of the network into orbit by 2026, as required by U.S. regulators.<\/p>\n<p>The company has bagged 77 heavy-lift rocket launch contracts, potentially worth billions of dollars combined, mostly from the Boeing-Lockheed joint venture United Launch Alliance and Jeff Bezos&#8217;s space company Blue Origin.<\/p>\n<p>Amazon plans to launch its first few prototype satellites to space by the end of the year, followed by launches of its first mass-produced satellites in 2024. <\/p>\n<p>Testing the service with corporate and government customers will begin that year, the company said.<\/p>\n<p>Anna Farrar, a spokeswoman for Space Florida, a state-funded entity to attract space businesses to Florida, said Amazon is eligible to receive funds under a state grant for transportation-related projects but &#8220;has not received any funding to date.&#8221; <\/p>\n<p>(This story has been corrected to fix the launch dates of the satellites in paragraphs 5 and 6) <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/amazon-builds-120-million-satellite-processing-hub-in-florida-3131181\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. FILE PHOTO: The logo of Amazon is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS\/Gonzalo Fuentes\/File Photo By Joey Roulette WASHINGTON (Reuters) &#8211; Amazon (NASDAQ:) is building a $120 million processing facility at NASA&#8217;s Kennedy Space Center [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-39396","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon builds $120 million satellite processing hub in Florida | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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