Amazon acquires Facebook’s Satellite Internet team!
Project Kuiper going strong to compete SpaceX’s StarLink, OneWeb and Telesat.
The deal bolsters Amazon’s $10 billion effort to develop low Earth orbit (LEO) satellites capable of delivering high-speed broadband internet around the globe, while marking the end of Facebook’s ultimately unsuccessful efforts to do the same.
Facebook’s team, which joined Amazon’s existing 500-person operation in April, included physicists as well as hardware and software engineers who have experience working on aeronautical and wireless systems, according to The Information.
The talent acquisition deal included some intellectual property developed by the team, as well as equipment and facilities, Facebook told Insider. Other terms were not disclosed.