Amazon to launch satellite internet

In his annual letter to shareholders, Jassy stated that the Project Kuiper-linked service is 'on the verge' of its commercial debut.

Leo promises download speeds of up to 1Gbps, potentially outperforming current market leaders in the burgeoning low-Earth orbit satellite sector.

The launch represents a multi-billion dollar investment for Amazon as it seeks to expand its digital ecosystem beyond retail and cloud computing.

However, the company still faces significant regulatory and logistical hurdles as it prepares to deploy thousands of satellites into an increasingly crowded orbit.